Rodriguez Company pays $389,610 for real estate with land, land improvements, and a building. Land is appraised at $234,000; land improvements are appraised at $78,000; and the building is appraised at $208,000. 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to tecord the purchase. Complete this question by entering your answers in the tabs below. Allocate the total cost among the three assets, Noter Round your "Apportloned Cost" answers to 2 decimal places. Rodriguez Company pay5 $389.610 for real estate with land, land improvements, and a building Land is appraised at $234,000; land improvements are oppraised ot $78,000, and the building is appraised at $2,08,000. 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. Prepare the journat entry to record the purchase. Note: Round your answers to 2 decimat places. Journal entry worksheet Record the costs of lump-sum purchase. Noel Enter debits before coedits