On April $12,2023,$ Prism Ltd$.,$ a camera lens manufacturer, paid cash of $$560,600$ for real estate plus $$30,200$ cash in closing costs.

The real estate included land appraised at $$204,680$; land improvements appraised at $$72,240$; and a building appraised at $$325,080.$

$($a$)$

$($b$)$

Appraised

Ratio of Individual Appraised Value to

$($c$)$

$($a$)$

Total Appraised Value

Cost Allocation

Values

$($a$)$ Total Appraised Value

$($b$)$ Total Actual

PPE Asset

Values

Cost

points awarded

Present the journal entry to record the purchase. $($Do not round intermediate calculations. Round the final answers to the nearest

whole dollar.$)$