At December 31, 2020, Wildhorse Co. reported the following as plant assets. Land $4,360,000 Buildings $28,130,000 Less: Accumulated depreciation-buildings 12,490,000 15,640.000 Equipment 48,640,000 Less: Accumulated depreciation-equipment 5,290,000 43,350,000 Total plant assets $63.350,000 During 2021, the following selected cash transactions occurred. April 11 Purchased land for $2,050,000. May 1 June 1 July 1 Dec. 31 Sold equipment that cost $1,020,000 when purchased on January 1, 2017. The equipment was sold for $612,000. Sold land purchased on June 1, 2011 for $1,560,000. The land cost $403,000. Purchased equipment for $2.580,000. Retired equipment that cost $490,000 when purchased on December 31, 2011. The company received no proceeds related to salvage