At December 31, 2017, Grand Company reported the following as plant assets.

Land	$3,770,000
Buildings	$27,290,000
Less: Accumulated depreciationbuildings	12,170,000	15,120,000
Equipment	48,020,000
Less: Accumulated depreciationequipment	4,550,000	43,470,000
Total plant assets	$62,360,000

During 2018, the following selected cash transactions occurred.

April 1	Purchased land for $2,190,000.
May 1	Sold equipment that cost $900,000when purchased on January 1, 2014. The equipment was sold for $540,000.
June 1	Sold land purchased on June 1, 2008 for $1,540,000. The land cost $394,000.
July 1	Purchased equipment for $2,530,000.
Dec. 31	Retired equipment that cost $491,000when purchased on December 31, 2008. No salvage value was received.

Prepare the plant assets section of Grands balance sheet at December 31, 2018.