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Rodriguez Company pays $326,430 for real estate with land, land improvements, and a building. Land is appraised at $238,500, land improvements are appraised at $79,500;

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Rodriguez Company pays $326,430 for real estate with land, land improvements, and a building. Land is appraised at $238,500, land improvements are appraised at $79,500; and a building is appraised at $212,000. 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 Land improvements Building Totals 0.00 Required 2 >

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