At December 31, 2017, Blue Corporation reported the following plant assets. Land $ 5,853,000 Buildings $26,740,000 Less: Accumulated depreciationbuildings 23,265,675 3,474,325 Equipment 78,040,000 Less: Accumulated depreciationequipment 9,755,000 68,285,000 Total plant assets $77,612,325 During 2018, the following selected cash transactions occurred. Apr. 1 Purchased land for $4,292,200. May 1 Sold equipment that cost $1,170,600 when purchased on January 1, 2011. The equipment was sold for $331,670. June 1 Sold land for $3,121,600. The land cost $1,951,000. July 1 Purchased equipment for $2,146,100. Dec. 31 Retired equipment that cost $1,365,700 when purchased on December 31, 2008. No salvage value was received.

1) Record any 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 = Liabilities + Stockholders' Equity Retained Earnings Cash + Notes Rec. + Interest Rec. + Land + Buildings - Accum. Depr. - Bldgs. + Equipment - Accum. Depr. - Equip. = Interest Payable + Notes Payable + Common Stock + Revenue - Expense - Dividend Bal. $ $ $ $ $ $ $ $ $ $ $ $ $ $ Apr. 1 May 1 May 1 June 1 July 1 Dec. 31 Dec. 31 Dec. 31 $ $ $ $ Dec. 31 Dec. 31 Dec. 31

2) Prepare the property, plant, and equipment section of the companys statement of financial position at December 31. (List Property, Plant and Equipment in order of Land, Buildings and Equipment.) . Statement of Financial Position (Partial) Land $ Building $ : Accumulated Depreciation-Buildings Equipment : Accumulated Depreciation-Equipment $