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Rodriguez Company pays $368,550 for real estate with land, land improvements, and a building. Land is appraised at $205,000; tand Improvements are appraised at $82,000;

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Rodriguez Company pays $368,550 for real estate with land, land improvements, and a building. Land is appraised at $205,000; tand Improvements are appraised at $82,000; and a building is appraised at $123,000 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 Cont" answers to 2 decimal places) Appraised Value Percent of Total x Total Cost of Appraised Acquisition Value Appotioned Gout Land Land improvements Building Tota * 368,550 * 368,550 * 368,650 5 0 0% $ 0.00 Hequired 2 >

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