Rodriguez Company pays $384,345 for real estate with land, land improvements, and a building, Land is appraised at $180,000; land improvements are appraised at $67,500; and a building is appraised at $202,500. Required: 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. 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.) Apportioned Cost Land Land improvements Building Totals Appraised Percent of Total Value Appraised * Total Cost of Value Acquisition $ 180,000 * 384,345 67,500 x 384,345 202,500 384,345 $ 450,000 0% $ 0.00 Required 2 > Required 1 Required 2 Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet