(a) Calculate the balance at December 31, 2025 in each of the following balance sheet accounts. (Hint: Disregard the related accumulated depreciation accounts.) Land Balance at December 31, 2025 $ Land improvements $ Buildings $ Equipment $ Selected accounts included in the property, plant, and equipment section of Splish Corporation's balance sheet at December 31, 2024, had the following balances. Land $444,000 Land improvements 207,200 Buildings 1,628,000 Equipment 1,420,800 During 2025, the following transactions occurred. 1. A tract of land was acquired for $222,000 as a potential future building site. 2. 3. A plant facility consisting of land and building was acquired from Mendota Company in exchange for 29,600 shares of Splish's common stock. On the acquisition date, Splish'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 $162,800 for land and $473,600 for the building at the exchange date. Current appraised values for the land and building, respectively, are $340,400 and $1,021,200. Items of machinery and equipment were purchased at a total cost of $592,000. Additional costs were incurred as follows. Freight and unloading Sales taxes Installation $19,240 29,600 38,480 4. 5. 6. Expenditures totaling $140,600 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 $118,400 on January 1, 2017, was scrapped on June 30, 2025. Double-declining-balance depreciation has been recorded on the basis of a 10-year life. A machine was sold for $29,600 on July 1, 2025. Original cost of the machine was $65,120 on January 1, 2022, and it was depreciated on the straight-line basis over an estimated useful life of 7 years and a salvage value of $2,960.