1 Exercise 8-3 Lump-sum purchase of plant assets LO C1 50 points Rodriguez Company pays $342.225 for real estate with lond, land improvements, and a building. Land is appraised at $243,000, land Improvements are appraised at $108,000, and a building is appraised at $189,000 Required: 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. eBook Het Complete this question by entering your answers in the tabs below. Reference 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 Value * Total Cost of Acquisition Apportioned Cost Land Land improvements Building Totals Required 2 > 1 View transaction list 10 points Journal entry worksheet A BOOK Record the costs of lump-sum purchase. Hint AS Note: Enter debits before credits Refrences General Journal Debit Credit Transaction 1 Record entry Clear entry View general Journal