At December 31, 2017, Blue Corporation reported the following plant assets. $ 5,853,000 3,474,325 Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation-equipment Total plant assets $26,740,000 23,265,675 78,040,000 9,755,000 68,285,000 $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. 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. + Equipment Bal. $ Apr. 1 May 1 May 1 June 1 July 1 Dec. 31 Dec. 31 Dec. 31 Dec. 31 e Textbook and Media Liabilities + Stockholders' Equity Retained Earnings Revenue - Expense Accum. Depr. - Equip. = Common Stock + + e Textbook and Media At December 31, 2017, Blue Corporation reported the following plant assets. $ 5,853,000 3,474,325 Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation-equipment Total plant assets $26,740,000 23,265,675 78,040,000 9,755,000 68,285,000 $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. 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. + Equipment Bal. $ Apr. 1 May 1 May 1 June 1 July 1 Dec. 31 Dec. 31 Dec. 31 Dec. 31 e Textbook and Media Liabilities + Stockholders' Equity Retained Earnings Revenue - Expense Accum. Depr. - Equip. = Common Stock + + e Textbook and Media