The comparative balance sheet of the Kanodia Company showed a balance in the Buildings and Equipment account at December 31, 1979, of \(\$ 24,600,000\); at December 31, 1978, the balance was \(\$ 24,000,000\). The Accumulated Depreciation account showed a balance of \(\$ 8,600,000\) at December 31, 1979, and \(\$ 7,600,000\) at December 31, 1978. The Statement of Changes in Financial Position reports that expenditures for buildings and equipment for the year totaled \(\$ 1,300,000\). The income statement indicates a depreciation charge of \(\$ 1,200,000\) for the year and a gain of \(\$ 53,000\) from the disposition of buildings and equipment in the determination of the net income.

Determine the acquisition cost and accumulated depreciation of the buildings and equipment retired during the year and the proceeds from their disposition.