Rodriguez Company pays $331,695 for real estate with land, land improvements, and a building. Land is appraised at $160,000; land improvements are appraised at $60,000; and the building is appraised at $180,000. 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 * Total Cost of Appraised Value Acquisition = Apportioned Cost Land Land improvements Building Totals Required Required 2 > Rodrinyez Company pays $331,695 for real estate with land, land improvements, and a building. Land is appraised at $160,000; land improvements are appraised at $60,000; and the building is appraised at $180,000. 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 A Record the costs of lump-sum purchase. Note Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal