At December 31, 2022, Marigold Corp. reported the following plant assets. Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation-equipment Total plant assets $ 4,100,000 $27,530,000 12,388,500 48,500,000 6.062,500 15,141,500 42,437,500 $61,679,000 During 2023, the following selected cash transactions occurred. April 1 Purchased land for $2,000,000. May 1 June 1 Sold equipment that cost $660,000 when purchased on Jaquary 1, 2016. The equipment was sold for $198,000. Sold land for $1,610,000. The land cost $1,001,000. July 1 Purchased equipment for $1,101,000. Dec. 31 Retired equipment that cost $688,000 when purchased on December 31, 2013. No salvage value was received