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At January 1, 2021, Sunland Limited reported the following property, plant, and equipment accounts:

Accumulated depreciationbuildings		$57,700,000
Accumulated depreciationequipment		51,000,000
Buildings		91,400,000
Equipment		144,300,000
Land		19,500,000

The company uses straight-line depreciation for buildings and equipment, its year end is December 31, and it makes adjusting entries annually. The buildings are estimated to have a 40-year useful life and no residual value; the equipment is estimated to have a 10-year useful life and no residual value. During 2021, the following selected transactions occurred:

Apr.	1		Purchased land for $4,800,000. Paid $1,030,000 cash and issued a three-year, 6% mortgage payable for the balance. Interest on the mortgage is payable annually each April 1.
May	1		Sold equipment for $320,000 cash. The equipment cost $2,994,000 when originally purchased on January 1, 2013.
June	1		Sold land for $3,350,800. Received $986,800 cash and accepted a three-year, 5% note for the balance. The land cost $1,500,000 when purchased on June 1, 2015. Interest on the note is due annually each June 1.
July	1		Purchased equipment for $2,400,000 cash.
Dec.	31		Retired equipment that cost $1,100,000 when purchased on January 1, 2012. No proceeds were received.
	31		Tested land for impairment and found that its fair value was $19,500,000. (c) Prepare the property, plant, and equipment section of the companys statement of financial position at December 31. (List Property, Plant and Equipment in order of Land, Building and Equipment.) SUNLAND LIMITED Statement of Financial Position (Partial) For the Year Ended December 31, 2021For the Month Ended December 31, 2021December 31, 2021 Assets Total Current AssetCurrent AssetTotal Property, Plant, and EquipmentTotal Intangible AssetProperty, Plant, and EquipmentIntangible Asset $ $ LessAdd: LessAdd: Current AssetProperty, Plant, and EquipmentIntangible AssetTotal Property, Plant, and EquipmentTotal Intangible AssetTotal Current Asset $

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