At December 31, 2017 Sheffield Corporation reported the following plant assets. $5,313,000 5.550.825 Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation equipment Total plant assets $26,670.000 21.119,175 70,840.000 8.855.000 61,985.000 $72,848.825 Apr. During 2018, the following selected cash transactions occurred. 1 Purchased land for $3.896,200. May Sold equipment that cost $1,062,600 when purchased on January 1, 2011. The equipment was sold for $301,070. June Sold land for $2.833,600. The land cost $1.771,000. July 1 Purchased equipment for $1,948,100. Dec Retired equipment that cost $1.239.700 when purchased on December 31, 2008. No salvage value was received. 1 1 31 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.) Assets Cash Land Bu Accury Bal. $ $ $ $ e Textbook and Media Enter the 2018 transactions in the tabular summary from part (2).Sheffield 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 for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Cash Land Buildings Ac Bal. $ $ $ $ Apr. 1 May 1 May 1 June 1 July 1 Dec. 31 Dec 31 e Textbook and Media Record adjustments to accounts for depreciation for 2018. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Cash + Land + Buildings Ac Bal. $ $ $ $ Apr. 1 May 1 May 1 June 1 July 1 Dec. 31 Dec 31 Dec. 31 Dec 31 e Textbook and Media List of Accounts Prepare the plant assets section of Sheffield's balance sheet at December 31, 2018. (List Plant Assets in order of Land, Building and Equipment.) SHEFFIELD CORPORATION Partial Balance Sheet $ $ $ eTextbook and Media List of Accounts