Rodriguez Company pays $358,020 for real estate with land, land improvements, and a building. Land is appraised at $200,000; land improvements are appraised at $50,000; and the building is appraised at $250,000. 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. Answer is not complete. 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.) Percent of Total Appraised Appraised Value = Apportioned x Total Cost of Acquisition Cost Value Land x 358,020 10% x 358,020 35,802.00 Land improvements Building Totals x 358,020 $ 0 10% $ 35,802.00 Required 1 Required 2 Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) No Transaction General Journal Debit Credit . 1 Land 35,802.00 Land improvements Building Cash OOOO 358,020.00