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 $41,000; and a building is appraised at $184,500. Required: 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase.

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 $41,000; and a building is appraised at $184,500. 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 * Total Cost of = Apportioned Acquisition Cost S 45% Land Land improvements Building Totals 184,500 41,000 184,500 410,000 10% 45% * 368,550 * 368,550 * 368,550 S 100% S 0.00 Required 1 Required 2 Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet