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

At December 31,2017,Monty Corporation reported the following plant assets 4,683,000 Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation-equipment Total plant assets 26,600,000 18,614,925 7,985,075 62,440,000 7,805,000 54,635,000 $67,303,075 During 2018, the following selected cash transactions occurred Apr. 1 Purchased land for $3,434,200. May 1 Sold equipment that cost $936,600 when purchased on January 1,2011. The equipment was sold for $265,370 June 1 Sold land for $2,497,600. The land cost $1,561,000. July 1 Purchased equipment for $1,717,100. Dec. 31 Retired equipment that cost $1,092,700 when purchased on December 31,2008. No salvage value was received Record adjusting entries for depreciation for 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 To record depreciation on buildings.) Dec. 31 (To record depreciation on equipment.) Prepare the plant assets section of Monty's balance sheet at December 31, 2018. (Hint: You may wish to set up T accounts, post beginning balances, and then post 2018 transactions.) (List Plant Assets in order of Land, Building and Equipment.) MONTY CORPORATION Partial Balance Sheet