Chapter 8: Homework Saved Help Save & Exit Submi 2 Check my work Rodriguez Company pays $375.280 for real estate plus $20.100 in closing costs. The real estate consists of land appraised at $157,040; land improvements appraised at $58,890, and a building appraised at $176,670 125 Required: 1. Allocate the total cost among the three purchased assets. 2. Prepare the journal entry to record the purchase. points eBook Complete this question by entering your answers in the tabs below. Hint Print Required 1 Required 2 References Allocate the total cost among the three purchased assets. Percent of Total Appraised Value Appraised Value x Total Cost of Apportioned Cost Acquisition Land Land improvements Building Totals Required 2 ered