Rodriguez Company pays $370,000 for real estate plus $19,610 in closing costs. The real estate consists of land appraised at $230,000; land improvements appraised at $69,000; and a building appraised at $161,000. 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 equired 2 Allocate the total cost among the three purchased assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Appraised Value Percent of Total Value x Total Cost of Acquisition = Apportioned Cost Appraisedx Total Cost of Land Land improvements Building Totals 0% 0.00 Required 1 Required 2>