At December 31,2022 , Flounder Company reported the following as plant assets. During 2023 ,...
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At December 31,2022 , Flounder Company reported the following as plant assets. During 2023 , the following selected cash transactions occurred. April 1 Purchased land for $2,170,000. May 1 Sold equipment that cost $1,080,000 when purchased on January 1,2019 . The equipment was sold for $648,000. June 1 Sold land purchased on June 1,2013 for $1,410,000. The land cost $402,000. July 1 Purchased equipment for $2,370,000. Dec. 31 Retired equipment that cost $503,000 when purchased on December 31, 2013. Prepare the plant assets section of Flounder's balance sheet at December 31, 2023. (List Plant Assets in order of Land, Buildings and Equipment.)
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At December 31,2022 , Flounder Company reported the following as plant assets. During 2023 , the following selected cash transactions occurred. April 1 Purchased land for $2,170,000. May 1 Sold equipment that cost $1,080,000 when purchased on January 1,2019 . The equipment was sold for $648,000. June 1 Sold land purchased on June 1,2013 for $1,410,000. The land cost $402,000. July 1 Purchased equipment for $2,370,000. Dec. 31 Retired equipment that cost $503,000 when purchased on December 31, 2013. Prepare the plant assets section of Flounder's balance sheet at December 31, 2023. (List Plant Assets in order of Land, Buildings and Equipment.) 