Exercise 8-3 lump-sum purchase of plant assets lo c1 rodriguez company pays $375,280 for real estate plus $20,100 in closing costs. the real estate consists of land appraised at $157,040; land improvements appraised at $58,890; and a building appraised at $176,670. required: 1. allocate the total cost among the three purchased assets. 2. prepare the journal entry to record the purchase.

For the year, uptowne furniture had sales of $818,790, costs of $748,330, and interest paid of $24,450. the depreciation expense was $56,100 and the tax rate was 34 percent. at the beginning of the year, the firm had retained earnings of $172,270 and common stock of $260,000. at the end of the year, retained earnings was $158,713 and common stock was $280,000. any tax losses can be used. what is the amount of the dividends paid for the year? a. $6,466 b. $7,566 c. $5,266 d. $6,898 e. $7,066