Exercise $8-3($Algo$)$ Lump$-$sum purchase of plant assets LO C$1$

Rodriguez Company pays $$373,815$ for real estate with land, land improvements, and a building Land is appraised at $$220,000$; land improvements are appraised at $$110,000$; and the building is appraised at $$220,000.$

Allocate the total cost among the three assets.

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.

Note: Round your "Apportioned Cost" answers to $2$ decimal places.

$\backslash$table$[[,\backslash$table$[[$Appraised$],[$Value$]],\backslash$table$[[$Percent of Total$],[$Appraised$],[$Value$]],\backslash$table$[[$ Total Cost of$],[$Acquisition$]],\backslash$table$[[=$

$\backslash$table$[[$Apportioned$],[$Cost$]]],[$Land$],[$Land improvements$]],],[,,,,,],[$Building$,,,,,],[$Totals$,$$$,0,,,]]$