Rodriguez Company pays $360,000 for real estate plus $19,080 in closing costs. The real estate consists of land appraised at $235,000; land improvements appraised at $70,500; and a building appraised at $164,500. 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 Value Acquisition Apportioned Cost Land Land improvements Building Totals Journal entry worksheet 1 > Record the costs of lump-sum purchase. Note: Enter debits before credits. General Journal Debit Credit Transaction 1