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Rodriguez Company pays $ 4 0 5 , 4 0 5 for real estate with land, land improvements, and a building. Land is appraised at

Rodriguez Company pays $ $405, 405$ for real estate with land, land improvements, and a building. Land is appraised at $ $260, 000$ ; land improvements are appraised at $ $78, 000$ ; and the building is appraised at $ $182, 000 .$

Allocate the total cost among the three assets.

Prepare the journal entry to record the purchase.

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