Saved Exercise 8-3 (Algo) Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $342.225 for real estate with land, land improvements, and a building. Land is appraised at $205,000; land improvements are appraised at $41,000; and the building is appraised at $164,000. 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. (Round your "Apportioned Cost answers to 2 decimal places.) Land Land improvements Building Totais Appraised Value Percent of Total Appraised Total Cost of Acquisition Apportioned Cost Value Required 2> Prev 1 of 6 Next >