Rodriguez company pays 347,490 for real estate with land, land improvements, and a building. Land is appraised at $198,000

Check my work 1 Exercise 8-3 (Algo) Lump-sum purchase of plant assets LO C1 10 points Rodriguez Company pays $347,490 for real estate with land, land improvements, and a building. Land is appraised at $198,000; land improvements are appraised at $66,000, and the building is appraised at $176,000. 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. eBook Hint Complete this question by entering your answers in the tabs below. Ask Print References 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 1 Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) View transaction list 10 points Journal entry worksheet eBook Hint Record the costs of lump-sum purchase. Ask Print References Note: Enter debits before credits. Transaction General Journal Debit Credit 1