At December 31, 2017, Cheyenne Corporation reported the following plant assets.

Land				$ 3,933,000
Buildings		$26,550,000
Less: Accumulated depreciationbuildings		15,633,675		10,916,325
Equipment		52,440,000
Less: Accumulated depreciationequipment		6,555,000		45,885,000
Total plant assets				$60,734,325

During 2018, the following selected cash transactions occurred.

Apr.	1		Purchased land for $2,884,200.
May	1		Sold equipment that cost $786,600 when purchased on January 1, 2011. The equipment was sold for $222,870.
June	1		Sold land for $2,097,600. The land cost $1,311,000.
July	1		Purchased equipment for $1,442,100.
Dec.	31		Retired equipment that cost $917,700 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. (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.)

Enter the 2018 transactions in the tabular summary from part (a). Cheyenne 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 Stockholders' Equity Retained Earning Revenue Expense Cash + Land + Buildings - Acum, Depar. - Bldgs + Equipment Amoun. Depr.- Equip. + Commen Stack + Dividend Assets Liabilities + Stockholders' Twity Retained Earning + Common Stock + Ruvenie - Expause - Dividend Cash . Land Buildings - Accum. Depr.- Bldgs. + Equipment Accum. Depr.- Equip 5 5 Apr. May July 1 Dec 31 Recard just to acces for deprecation for 2018 faran der Abar Stockholy places negative for partes) in front of the amount ord for the orgulty that was reduced.) Stockholders' Louity Retained varning Cash Land Buildings - Accum. Depr. - Bldes + Twipe - Accum. Dapr.- Tuis + Common Stock + Revenue pause - Dividend $ Apr. 1 May 1 1.1 June 1 July 1 Dec 31 Dec. 31