Rodriguez Company pays $335,000 for real estate plus $17755 in closing costs. The real estate consists of land appraised at $240,000; land improvements appraised at $72,000, and a building appraised at $168,000. Required: 1. Allocate the total cost among the three purchased assets 2 Prepare the journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Required 2 Required 1 Allocate the total cost among the three purchased assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Percent of Total Appraised Value Apportioned Cost x Total Cost of Acquisition Appraised Value 352.755 352.755 362.755 ces 240.000 Land 72.000 Land improvements 35% 35% 168,000 Building 0.00 480 000 Totals Required 2 Rodriguez Company pays $335,000 for real estate plus $17755 in closing costs. The real estate consists of land appraised at $240,000; land improvements appraised at $72,000; and a building appraised at $168,000. Required: 1. Allocate the total cost among the three purchased assets 2. Prepare the journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Required 2 Required 1 Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) View journal entry worksheet View transaction list Credit Debit General Journal Transaction No Land 1 Land improvements Building Cash