Rodriguez Company pays $394,875 for real estate with land, land improvements, and a building Land is appraised ot $229,500, Innd improvements are appraised at $51,000, and a building is appraised at $229,500 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 Required Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places) View transaction ist Journal entry worksheet A Record the costs of lump sum purchase tot debts before SRE NO Rodriguet Company pays $394,875 for real estate with land, and improvements, and a building Land is appraised at $229.500, and improvements are appraised at $51.000 and a building is appraised at $229,500 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 2 Allocate the total cost among the three assets. (Hound your Apportioned Costanswers to 2 decimal places) Appraised Value Percent of Total Apraised Value Total Cost of Acquisition Apported Cour Land improvements ing Toliais o 0% 0.00