Rodriguez Company pays $352,755 for real estate with land, land improvements, and a building. Land is appraised at $220,000; land improvements are appraised at $82,500; and the building is appraised at $247,500. 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 * Total Cost of Acquisition =Apportioned Cost Land $ 220,000 Land improvements 82,500 Building 247,500 Totals $ 550,000 1% $ Required 1 Required 2 > 0.00 Rodriguez Company pays $352,755 for real estate with land, land improvements, and a building. Land is appraised at $220,000; land improvements are appraised at $82,500; and the building is appraised at $247,500. 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 Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet A Record the costs of lump-sum purchase. Note: Enter debits before credits. Transaction General Journal Debit Credit