At December $31,2023,$ Cord Company's plant asset and accumulated depreciation and amortization accounts had balances as follows:CategoryPlant AssetAccumulated Depreciation and AmortizationLand$ $178,000$$ Land improvementsBuildings$1,650,000361,764$ Equipment$1,275,000320,500$Automobiles and trucks$175,000103,325$Leasehold improvements$222,000111,000$Depreciation methods and useful lives:Buildings$150\%$ declining balance; $25$ years.EquipmentStraight line; $10$ years.Automobiles and trucks$200\%$ declining balance; $5$ years, all acquired after $2020.$Leasehold improvementsStraight line.Land improvementsStraight line.Depreciation is computed to the nearest month and residual values are immaterial. Transactions during $2024$ and other information:$*$ On January $6,2024,$ a plant facility consisting of land and building was acquired from King Corporation in exchange for $28,000$ shares of Cord's common stock. On this date, Cord's stock had a fair value of $$50$ a share. Current assessed values of land and building for property tax purposes are $$195,000$ and $$585,000,$ respectively.$*$ On March $25,2024,$ new parking lots, streets, and sidewalks at the acquired plant facility were completed at a total cost of $$210,000.$ These expenditures had an estimated useful life of $12$ years.$*$ The leasehold improvements were completed on December $31,2020,$ and had an estimated useful life of eight years. The related lease, which would terminate on December $31,2026,$ was renewable for an additional four$-$year term. On April $30,2024,$ Cord exercised the renewal option.$*$ On July $1,2024,$ equipment was purchased at a total invoice cost of $$328,000.$ Additional costs of $$10,000$ for delivery and $$53,000$ for installation were incurred.$*$ On September $30,2024,$ Cord purchased a new automobile for $$12,800.*$ On September $30,2024,$ a truck with a cost of $$24,300$ and a book value of $$9,600$ on date of sale was sold for $$11,800.$ Depreciation for the nine months ended September $30,2024,$ was $$2,160.*$ On December $20,2024,$ equipment with a cost of $$18,500$ and a book value of $$3,050$ at date of disposition was scrapped without cash recovery.Required:$1.$ Prepare a schedule analyzing the changes in each of the plant asset accounts during $2024.$ Do not analyze changes in accumulated depreciation and amortization$\mathrm{.}2.$ For each asset category, prepare a schedule showing depreciation or amortization expense for the year ended December $31,2024.$