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 a building is appraised at $176,670 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 1 Required 2 Allocate the total cost among the three assets. Appraised Value Percent of Total Appraised Value * Total Cost of Acquisition - Apportioned Cost Land Land improvements Building Totals Required 2 ) 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 a building is appraised at $176,670. 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 Requiret 2 Prepare the journal entry to record the purchase View transaction ist Journal entry worksheet Record the costs of lump-sum purchase. Notes les debts before credits Transaction General Journal Debit Credit Record en Clear en View general Journal