9-5A

At December 31, 2013, Walton Company reported the following as plant assets.

Land				$ 3,000,000
Buildings		$26,500,000
Less: Accumulated depreciation-buildings		12,100,000		14,400,000
Equipment		40,000,000
Less: Accumulated depreciation-equipment		5,000,000		35,000,000
Total plant assets				$52,400,000

During 2014, the following selected cash transactions occurred.

April 1		Purchased land for $2,200,000.
May 1		Sold equipment that cost $750,000 when purchased on January 1, 2010. The equipment was sold for $460,000.
June 1		Sold land purchased on June 1, 2004 for $1,800,000. The land cost $300,000.
July 1		Purchased equipment for $2,400,000.
Dec. 31		Retired equipment that cost $500,000 when purchased on December 31, 2004. No salvage value was received.

Prepare the plant assets section of Walton