Rodriguez Company pays $390,000 for real estate plus $20,670 in closing costs. The real estate consists of land appraised at $250,000; land improvements appraised at $50,000; and a building appraised at $200,000. 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 1 Required 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 s 50% 35% Land Land improvements Building Totals 250,000 50,000 200,000 500,000 * 390,000 x 390.000 * 390,000 15% $ 100% $ 0.00 Required Required 2 > Required 1 Required 2 Prepare the journal entry to record the purchase. (Round your answers to 2 decimal place View transaction list Journal entry worksheet