Rodriguez Company pays $326,430 for real estate with land, land improvements, and a building. Land is...

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Rodriguez Company pays $326,430 for real estate with land, land improvements, and a building. Land is appraised at $265,000; land improvements are appraised at $79,500; and the building is appraised at $185,500. 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. Note: Round your "Apportioned Cost" answers to 2 decimal places. Appraised Value Percent of Total x Total Cost of Appraised Value Acquisition = Apportioned Cost Land $ 265,000 50% $ 163,215.00 Land improvements 79,500 15% Building 185,500 35% Totals $ 530,000 100% $ 163,215.00 < Required 1 Required 2 > Rodriguez Company pays $326,430 for real estate with land, land improvements, and a building. Land is appraised at $265,000; land improvements are appraised at $79,500; and the building is appraised at $185,500. 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. Note: Round your "Apportioned Cost" answers to 2 decimal places. Appraised Value Percent of Total x Total Cost of Appraised Value Acquisition = Apportioned Cost Land $ 265,000 50% $ 163,215.00 Land improvements 79,500 15% Building 185,500 35% Totals $ 530,000 100% $ 163,215.00 < Required 1 Required 2 >