Answer a, b, c

P10-5B At December 31, 2012, Ramaswami Company reported the following as plant assets Land $ 2,000, Building:s $20,000, 8,000,00 12,000,0 30,000,0 4,000,00 26,000,0 Less: Accumulated depreciation buildings 0 Equipment Less: Accumulated depreciation equipment 0 Total plant assets $40,000, During 2013, the following selected cash transactions occurred. Apr il Purchased land for $1,200,000. Ma 1 Sold equipment that cost $420,000 when purchased on January 1, 2009. The equipment was sold for $240,000. Sold land purchased on June 1, 2003, for $1,000,000. The land Jun 1 cost $340,000 Purchased equipment for $1,100,000. Retired equipment that cost $300,000 when purchased on July 1 3 1 December 31, 2003. No salvage value was received Dec