Help Sure & Submit Check my work Exercise 10-3 Lump-sum purchase of plant assets LO C1 8 0250:00 Rodriguez Company pays $395,330 for real estate with land, land improvements, and a building Land is appraised at $157,040, land improvements are appraised at $58.890, and a building is appraised at $176,670 Required: 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. Appraised Percent of Total Appraised Value Total Cost of Acquisition Apportioned Cost Land Land improvements Building Required 2 >