Rodriguez Company pays $360,000 for real estate plus $19,080 in closing costs. The real estate consists of land appraised at $234,000; land improvements appraised at $78,000; and a building appraised at $208,000 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 1Required 2 Allocate the total cost among the three purchased assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Appraised Value Percent of Total Value x Total Cost of Acquisition Apportioned Cost Land Land improvements Building Totals $ 234,000 78,000 208,000 $520,000 x 379,080 379,080 379,080 0% 0.00 Required 1 Required 2>