Rodriguez Company pays $358,020 for real estate with land, land improvements, and a building. Land is appraised at $243,000; land improvements are appraised at $81,000; and the building is appraised at $216,000. 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. Note: Round your "Apportioned Cost" answers to 2 decimal places. Land Land improvements Building Totals Appraised Value Percent of Total Appraised Value x Total Cost of Acquisition = Apportioned Cost

Rodriguez Company pays $358,020 for real estate with land, land improvements, and a building. Land is appraised at $243,000; fand improvements are appraised at $81,000; and the buliding is appraised at $216,000. 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. Aliocate the total cost among the three assets. Note: Round your "Apportioned Cost" answers to 2 decimal places. Prepare the journal entry to record the purchase. Note: Round your answers to 2 decimal places. Journal entry worksheet Note: enter debits before credits