Rodriguez Company pays $345,000 for real estate plus $18,285 in closing costs. The real estate consists of land appraised at $211,500; land improvements appraised at $70,500; and a building appraised at $188,000. 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 answ rs in the tabs below. Required 1 Required 2 Allocate the total cost among the three purchased assets. (Round your "Apportioned Cost" answers to decimal places.) Percent of Total Appraised Value x Total Cost of Acquisition Appraised Value Apportioned Cost 211.500 70,500 Land Land improvements Building 188,000 0.00 S 470,000 0% Totals Require 1 Required 2 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 1 Required 2 Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 1 1 Land Land improvements Building Cash Required 1 Required