Rodriguez Company pays $395,380 for real estate with land, land improvements, and a building. Land is appraised at $157,040; land improvements are appraised at $58,890; and the building is appraised at $176,670. 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. Complete this question Allocate the total cost amon Allocate the total cost among the three assets. Journal entry worksheet Record the costs of lump-sum purchase. Note: Enter debits before credits