On April $12,2023,$ Prism Ltd$.,$ a camera lens manufacturer, paid cash of $$569,000$ for real estate plus $$30,900$ cash in closing

costs. The real estate included land appraised at $$182,700$; land improvements appraised at $$73,080$; and a building appraised

at $$353,220.$

$($a$)$

Appraised

PPE Asset

$($b$)$

Ratio of Individual Appraised Value to

Total Appraised Value

$($a$)$ Total Appraised Value

$($c$)$

Cost Allocation

$($b$)$ Total Actual

Cost

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

nearest whole dollar.$)$

Journal entry worksheet

Record the costs of lump$-$sum purchase.