At December 31,2027, Marigold Corporation reported the following plant assts. Land Buildings Less:...

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Accounting

At December 31,2027, Marigold Corporation reported the following plant assts.
Land
Buildings
Less: Accumulated depreciation-buildings
Equipment
Less: Accumulated depreciation-equipment
Total plant assets
$5,073,000
$26,580,000
20,165,175,6,414,825
67,640,000
8,455,000
During 2028, the following selected cash transactions occurred.
Apr. 1 Purchased land for $3,720,200.
May 1 Sold equipment that cost $1,014,600 when purchased on January 1,2021. The equipment was sold for $287,470.
June 1 Sold land for $2,705,600. The land cost $1,691,000.
July 1 Purchased equipment for $1,860,100.
Dec 31 Retired equipment that cost $1,183,700 when purchased on December 31,2018. No salvage value was received.
(a)
Prepare a tabular summary that includes the plant asset accounts and balances shown on the December 31,2027, balance sheet.
Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses.
Increases in expenses and losses require a negative sign or parentheses.
Increases in Accumulated Depreciation require a negative sign or parentheses.
Decreases in Accumulated Depreciation are entered as postive amounts.
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