At December 31, 2017, Ayayai Corporation reported the following plant assets. $5,238,000 Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation-equipment Total plant assets $26,730,000 20,821,050 9,840,000 8,730,000 5,908,950 61,110,000 $72,256,950 During 2018, the following selected cash transactions occurred. Apr. 1 Purchased land for 3,841,200 May 1 Sold equipment that cost $1,047,600 when purchased on January 1,2011. The equipment was sold for $296,820. June 1 Sold land for $2,793,600.The land cost $1,746,000 July 1 Purchased equipment for $1,920,600 Dec. 31 Retired equipment that cost $1,222,200 when purchased on December 31,2008. No salvage value was received. Prepare a tabular summary that includes the plant asset accounts and balances shown on the December 31,2017, balance sheet. (Ifa transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Cash Land Buildings Accum. Depr. - Bldgs. Bal. $ Enter the 2018 transactions in the tabular summary from part (a). Ayayai uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 40-year useful life and no salvage value; the equipment is estimated to have a 10-year useful life and no salvage value. Update depreciation on assets disposed of at the time of sale or retirement. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Cash Land Buildings Accum. Depr.-Bldgs. Bal. $ Apr. 1 May 1 May 1 June 1 July 1 Dec. 31 Dec. 31 Record adjustments to accounts for depreciation for 2018. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.,) Assets Cash Land Buildings Accum. Depr.- Bldgs Bal. $ Apr. 1 May 1 May 1 June 1 July 1 Dec. 31 Dec. 31 Dec. 31 Dec. 31 Prepare the plant assets section of Ayayai's balance sheet at December 31,2018. (List Plant Assets in order of Land, Building and Equipment.) AYAYAI CORPORATION Partial Balance Sheet