At December 31, 2022, Culver Corporation reported the following plant assets. Land $ 3,798,000 Buildings $26,690,000 Less: Accumulated depreciationbuildings 15,097,050 11,592,950 Equipment 50,640,000 Less: Accumulated depreciationequipment 6,330,000 44,310,000 Total plant assets $59,700,950 During 2023, the following selected cash transactions occurred. Apr 1 Purchased land for $2,705,200. May 1 Sold equipment that cost $759,600 when purchased on January 1, 2016.The equipment was sold for $215,220. June 1 Sold land for $2,025,600. The land cost $1,266,000. July 1 Purchased equipment for $1,392,600. Dec. 31 Retired equipment that cost $886,200 when purchased on December 31, 2013. No salvage value was received