At December 31, 2014, Navaro Corporation reported the following plant assets. Land $ 4,119,000 Buildings $30,300,000 Less: Accumulated depreciationbuildings 16,373,025 13,926,975 Equipment 54,920,000 Less: Accumulated depreciationequipment 6,865,000 48,055,000 Total plant assets $66,100,975 During 2015, the following selected cash transactions occurred. Apr. 1 Purchased land for $3,020,600. May 1 Sold equipment that cost $823,800 when purchased on January 1, 2008. The equipment was sold for $233,410. June 1 Sold land for $2,196,800. The land cost $1,373,000. July 1 Purchased equipment for $1,510,300. Dec. 31 Retired equipment that cost $961,100 when purchased on December 31, 2005. No salvage value was received. Prepare the plant assets section of Navaros balance sheet at December 31, 2015. (Hint: You may wish to set up T accounts, post beginning balances, and then post 2015 transactions.)