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At December 31, 2022, Bramble Corporation reported the following plant assets. question: Prepare the plant assets section of Brambles balance sheet at December 31, 2023.

At December 31, 2022, Bramble Corporation reported the following plant assets. question: Prepare the plant assets section of Brambles balance sheet at December 31, 2023. (Hint: You may wish to set up T accounts, post beginning balances, and then post 2023 transactions.) (List Plant Assets in order of Land, Building and Equipment.)

Land

$ 3,753,000

Buildings

$26,750,000

Less: Accumulated depreciationbuildings

14,918,175

11,831,825

Equipment

50,040,000

Less: Accumulated depreciationequipment

6,255,000

43,785,000

Total plant assets

$59,369,825

During 2023, the following selected cash transactions occurred.

Apr. 1 Purchased land for $2,752,200.
May 1 Sold equipment that cost $750,600 when purchased on January 1, 2016. The equipment was sold for $212,670.
June 1 Sold land for $2,001,600. The land cost $1,251,000.
July 1 Purchased equipment for $1,376,100.
Dec. 31 Retired equipment that cost $875,700 when purchased on December 31, 2013. No salvage value was received.

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