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Rodriguez Company pays $358,020 for real estate with land, land improvements, and a building, Land is appraised at $225.000, land improvements are appraised at $75,000,

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Rodriguez Company pays $358,020 for real estate with land, land improvements, and a building, Land is appraised at $225.000, land improvements are appraised at $75,000, and a building is appraised at $200,000. 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. cook Required 1 Required 2 Allocate the total cost among the three assets. (Round your "Apportioned Cost answers to 2 decimal places.) References Appraised Percent of Total praised Value Total Cost of cousition - Apportioned Cost Value Land Land improvements Building Totals Required 2 >

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