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Selected accounts included in the property, plant, and equipment section of Indigo Corporation's balance sheet at December 31, 2019, had the following balances. Land Land improvements Buildings Equipment $312,000 145,600 1.144,000 998,400 During 2020, the following transactions occurred. 1. Atract of land was acquired for $156,000 as a potential future building site. 2 A plant facility consisting of land and building was acquired from Mendota Company in exchange for 20,800 shares of Indigo's common stock. On the acquisition date, Indigo's stock had a closing market price of $37 per share on a national stock exchange. The plant facility was carried on Mendota's books at $114,400 for land and $332,800 for the building at the exchange date. Current appraised values for the land and building, respectively, are $239,200 and $717,600. Items of machinery and equipment were purchased at a total cost of $416,000. Additional costs were incurred as follows. 3. Freight and unloading Sales taxes Installation $13,520 20,800 27.040 Installation 27,040 4. 5. Expenditures totaling $98,800 were made for new parking lots, streets, and sidewalks at the corporation's various plant locations. These expenditures had an estimated useful life of 15 years. A machine costing $83,200 on January 1, 2012, was scrapped on June 30, 2020. Double-declining-balance depreciation h been recorded on the basis of a 10-year life. A machine was sold for $20,800 on July 1, 2020. Original cost of the machine was $45,760 on January 1, 2017, and it was depreciated on the straight-line basis over an estimated useful life of 7 years and a salvage value of $2,080. 6. (a) Calculate the balance at December 31, 2020 in each of the following balance sheet accounts. (Hint: Disregard the related accumulated depreciation accounts.) Balance at December 31, 2020 $ Land Land Improvements $ Buildings $ Equipment $

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