Rodriguez Company pays $336,960 for real estate with land, land improvements, and a building. Land is appraised at $212,000; land improvements are appraised at $53,000; and a building is appraised at $265,000. 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 $ 50% 15% Land Land improvements Building Totals 212,000 53,000 265,000 530,000 * 336,9601 x 336,960 x 336,960 35% $ 100% $ 0.00