Rodriguez Company pays $375,000 for real estate plus $19.875 in closing costs. The real estate consists of land appraised at $205.000, land improvements appraised at $61.500, and a building appraised at $143,500 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 Hequired 2 Allocate the total cost among the three purchased assets. (Round your "Apportioned Cost" answers to 2 decimal places) Appraised Value Percent of Total Appraised Value Total Cost of Acquisition - Apportioned Cost Land Landments Band Tot Required 2 > Rodriguez Company pays $375,000 for real estate plus $19,875 in closing costs. The real estate consists of land appraised at $205.000 end improvements appraised at $61,500, and a building approised at $143,500. 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 Required 2 Allocate the total cost among the three purchased assets. (und your apportioned cost answers to 2 decimal places.) Appraised Value Percent of Total Appraised * Total cost of Acquisition Apportioned Cost Valve LMV Land rovements Do Tot Required 2 >