Rodriguez Company pays $379,080 for real estate with land, land improvements, and a building. Land is appraised at $215,000; land improvements are appraised at $43,000; and a building is appraised at $172,000.

Rodriguez Company pays $379,080 for real estate with land, land improvements, and a building. Land is appraised at $215,000; land improvements are appraised at $43,000; and a building is appraised at $172,000. 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 x Total Cost of Acquisition = Apportioned Cost Land $ 50% 215,000 43,000 Land improvements 10% Building 172,000 40% Totals $ 430,000 100% $ 0.00