Rodriquez Company pays $395,380 for real estate with land, land improvements, and a building, Land is appraised at $157040: 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 x Total Cost of Acquisition - Apportioned Cost 305 380 Land improvement Building Total $ 395 180 Rocuired 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to record the purchase. View transaction list Journal entry worksheet Record the costs of lump-sum purchase. Note: Enter debits before credits. Transaction General Journal Debit Credit