At December 31, 2015, Cord Company's plant asset and accumulated depreciation and amortization accounts had balances as follows: Accumulated Depreciation and Amortization Plant Asset S 165,000 1,000,000 Category Land Buildings Machinery and equipment625,000 Automobiles and trucks Leasehold improvements Land improvements 318,900 307,500 90,325 98,000 162,000 196,000 Depreciation methods and useful lives: Buildings-150% declining balance; 25 years. Machinery and equipment-Straight line; 10 years. omobiles and trucks-150% declining balance, 5 years, all acquired after 2012. Leasehold improvements-Straight line Land improvements-Straight line Depreciation is computed to the nearest month and residual values are immaterial. Transactions during 2016 and other information a. On January 6, 2016, a plant facility consisting of land and building was acquired from King Corp. in exchange for 15,000 shares of Cord's common stock. On this date, Cord's stock had a fair value of $40 a share. Current assessed values of land and building for property tax purposes are $130,000 and S520,000, respectively b. On March 25, 2016, new parking lots, streets, and sidewalks at the acquired plant facility were c. The leasehold improvements were completed on December 31, 2012, and had an estimated useful life d. On July 1, 2016, machinery and equipment were purchased at a total invoice cost of $315,000 e. On August 30, 2016, Cord purchased a new automobile for $11.500 completed at a total cost of $132,000. These expenditures had an estimated useful life of 12 years of eight years. The related lease, which would terminate on December 31, 2018, was renewable for an additional four-year term. On April 29, 2016, Cord exercised the renewal option. Additional costs of S12,000 for delivery and $40,000 for installation were incurred. f. On September 30, 2016, a truck with a cost of $23,000 and a book value of $7,200 on date of sale was sold for $10,500. Depreciation for the nine months ended September 30. 2016, was $1,620 g. On December 20, 2016, a machine with a cost of $12,000 and a book value of $2,725 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 2016. Do not analyze changes in accumulated depreciation and amortization