Rodriguez Company pays $365,000 for real estate plus $19,345 in closing costs. The real estate consists of land appraised at $220,000; land improvements appraised at $66,000; and a building appraised at $154,000. 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 1 Required 2 Allocate the total cost among the three purchased assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Percent of Total x Total Cost ofApportioned Appraised Value AppraisedAcquisition Cost Value Land Land improvements Building Totals