Rodriguez Company pays $379,080 for real estate with land, land improvements, and a building. Land is appraised at $172,000; land improvements are appraised at $86,000; and the building is appraised at $172,000. 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 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 Acquisition Apportioned Cost Land Land $ 172,000 63% 379,080 ( $ 238,820,40 improvements Building Totals 86,000 17,200 31% ( 379,080 117,514.80 6% O * 379,080 22,744.80 $ 275,200 100% 379,080.00 Required 1 Required 2 >