Rodriguez Company pays $385,000 for real estate plus $20,405 in closing costs. The real estate consists of land appraised at $189,000; land improvements appraised at $42,000; and a building appraised at $189,000 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 1Required 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 x Total Cost of Acquisition Apportioned Cost Land Land improvements Building Totals $ 189,000 15% 35% 50% 100% x 405,405 x 405,405 x 405,405 42,000 189,000 $ 420,000 0.00