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Rodriguez Company pays $368,550 for real estate with land, land improvements, and a building. Land is appraised at $184,500; land improvements are appraised at

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Rodriguez Company pays $368,550 for real estate with land, land improvements, and a building. Land is appraised at $184,500; land improvements are appraised at $82,000; and the building is appraised at $143,500. 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) No Transaction A 1 Land Land improvements Building Cash General Journal < Required 1 Required 2 > Debit 848,561.00 > Credit 73,710.00 128,992.00 368,550.00

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