Rodriguez Company pays $363,285 for real estate with land, land improvements, and a building. Land is appraised at $265,000; land improvements are appraised at $79,500, and a building is appraised at $185,500. 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 265,000 79,500 185,500 530,000 $ 0% $ 0.00