Question: can sombody help me do this exercise. thank you Exercise 8-3 Lump-sum purchase of plant assets LO C1 [The following information applies to the questions

can sombody help me do this exercise. thank you

Exercise 8-3 Lump-sum purchase of plant assets LO C1

[The following information applies to the questions displayed below.] Rodriguez Company pays $325,000 for real estate plus $17,225 in closing costs. The real estate consists of land appraised at $243,800; land improvements appraised at $63,600; and a building appraised at $222,600.

Exercise 8-3 Part 1 Allocate the total cost among the three purchased assets. (Round your "Apportioned Cost" answers to 2 decimal places.)

Exercise 8-3 Part 2 Prepare the journal entry to record the purchase. (Round your answers to 2 decimal places.)

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