Rodriguez Company pays $321,165 for real estate with land, land improvements, and a building. Land is appraised at $208,000; land improvements are appraised at $104,000; and a building is appraised at $208,000. Required: 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Allocate the total cost among the three assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Appraised Value Percent of Total Appraised Value x Total Cost of Acquisition = Apportioned Cost Land $ 208,000 40% 20% Land improvements Building Totals 104,000 208,000 520,000 x 321,165 $ * 321,165 * 321,165 $ 128,466.00 64,233.00 128,466.00 321,165.00 40% $ 100% Required Required 2 > Rodriguez Company pays $321,165 for real estate with land, land improvements, and a building. Land is appraised at $208,000; land improvements are appraised at $104,000; and a building is appraised at $208,000. Required: 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet Record the costs of lump-sum purchase. Note: Enter debits before credits. Transaction General Journal Debit Credit