Rodriguez Company pays $394,875 for real estate with land, land improvements, and a building. Land is appraised at $208,000; land Improvements are appraised at $104,000, and the building is appraised at $208,000. 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. Required 1 Required 2 Allocate the total cost among the three assets. (Round your "Apportioned Cost" answers to 2 decimal places.) Land Land improvements Building Totals Appraised Value Percent of Total Appraised Value Total Cost of Acquisition Apportioned Cost Required 2 >