Rodriguez Company pays $400.140 for real estate with land, land improvements, and a building Land is appraised at $205,000, land improvements are appraised at $41.000; and a building is appraised at $164,000. Required: 1. Allocate the total cost among the three assets. 2. Prepare the joumal 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.) Appraised Value Percent of Total Appraised Vah Total Cost of Acquisition -Apportioned Cost $ 50% 10% Land Land improvements Building Totals 205,000 41,000 164,000 410,000 $ 60% 0.00 Ratings Required 2 > Rodriguez Company pays $400.140 for real estate with land, land improvements, and a building Land is appraised at $205,000, land improvements are appraised at $41,000, and a building is appraised at $164.000 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 Prepare the journal entry to record the purchase, (Round your answers to 2 decimal places) View transaction list Journal entry worksheet