At December 31, 2016, certain accounts included in the property, plant, and equipment section of Vaughn Companys balance sheet had the following balances.

Land		$230,600
Buildings		897,600
Leasehold improvements		667,200
Equipment		882,700

During 2017, the following transactions occurred.

1. Land site number 621 was acquired for $856,100. In addition, to acquire the land Vaughn paid a $51,800 commission to a real estate agent. Costs of $41,500 were incurred to clear the land. During the course of clearing the land, timber and gravel were recovered and sold for $15,400.

2. A second tract of land (site number 622) with a building was acquired for $422,400. The closing statement indicated that the land value was $302,100 and the building value was $120,300. Shortly after acquisition, the building was demolished at a cost of $40,900. A new building was constructed for $328,200 plus the following costs.

Excavation fees $37,600

Architectural design fees 10,900

Building permit fee 2,500

Imputed interest on funds used during construction (stock financing) 8,400

he building was completed and occupied on September 30, 2017.

3. A third tract of land (site number 623) was acquired for $645,800 and was put on the market for resale.

		4. During December 2017, costs of $89,800 were incurred to improve leased office space. The related lease will terminate on December 31, 2019, and is not expected to be renewed. (Hint: Leasehold improvements should be handled in the same manner as land improvements.
		5. A group of new machines was purchased under a royalty agreement that provides for payment of royalties based on units of production for the machines. The invoice price of the machines was $87,300, freight costs were $3,200, installation costs were $2,500, and royalty payments for 2017 were $17,300.

(a) Calculate the balance at December 31, 2017 in each of the following balance sheet accounts. Disregard the related accumulated depreciation accounts.

Land= ?

Buildings= ?

Leasehold improvements= ?

Equipment= ?