Question: Important Note! Before you start working on this problem, watch the Hint video. This video shows you exactly how to work this problem. Rodriguez

Important Note! Before you start working on this problem, watch the Hint video. This video shows you exactly how to work this problem. Rodriguez Company pays $326,430 for real estate with land, land improvements, and a building. Land is appraised at $247,500; land improvements are appraised at $55,000; and the building is appraised at $247,500. 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. (Round your "Apportioned Cost" answers to 2 decimal places.) Land Land improvements Building Totals Appraised Value Percent of Total Appraised Value Total Cost of Acquisition = Apportioned Cost $ 0 0% 0.00

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