Rodriguez Company pays $355,000 for real estate plus $18,815 in closing costs. The real estate consists of land appraised at $243,000; land improvements appraised at $81,000, and a building appraised at $216,000 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 answers in the tabs below. Required 1 Required 2 Allocate the total cost among the three purchased assets. (Round your "Apportioned Cost' answers to 2 decimal places.) Appraised Value Percent of Total x Total Cost of Appraised Acquisition Value = Apportioned Cost $ Land Land improvements Building Totals 216,000 81,000 243,000 540,000 40% 15% 45% * 373,815 373,815 * 373,815 $ 100% $ 0.00 Required Required 2 >