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Rodriguez Company pays $363,285 for real estate with land, land improvements, and a building, Land is appraised at $220,500; land Improvements are appraised at $49,000;

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Rodriguez Company pays $363,285 for real estate with land, land improvements, and a building, Land is appraised at $220,500; land Improvements are appraised at $49,000; and a building is appraised at $220,500. 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. Required 1 Required 2 Allocate the total cost among the three assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Appraised Value Percent of Total Appraised Value x Total Cost of Acquisition = Apportioned Cost Land Land improvements Building Totals Journal entry worksheet Record the costs of lump-sum purchase. Note: Enter debits before credits Transaction General Journal Debit Credit

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