Rodriguez Company pays $373,815 for real estate with land, land improvements, and a buildingLand is appraised at $198,000land improvements are appraised at $88.000; and the building is appraised at $154.000.

1. Allocate the total cost among the three assests

2. Prepare the journal entry to record the putchase.

Rodriguez Company pays $373,815 for real estate with land, land improvements, and a building. Land is appraised at $198,000; land improvements are appraised at $88,000; and the building is appraised at $154,000. 1. Allocate the total cost among the three assets. 2. Prepare the joumal entry to record the purchase. Complete this question by entering your answers in the tabs below. Allocate the total cost among the three assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Journal entry worksheet Note: Enter debits before credits