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Rodriguez Company pays $352,755 for real estate with land, land improvements, and a building. Land is appraised at $225,000; land improvements are appraised at $67,500;

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Rodriguez Company pays $352,755 for real estate with land, land improvements, and a building. Land is appraised at $225,000; land improvements are appraised at $67,500; and a building is appraised at $157,500. 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 Porcent of Total Appraised Value * Total Cost of Acquisition - Apportioned Cost Land Land improvements Building Totals -5 0% $ 0.00 Race Required 2 >

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