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At December 31, 2022. Martinez Corporation reported the following plant assets. Land $3,783,000 Buildings $26,590,000 15,037,425 11,552,575 Less: Accumulated depreciation-buildings Equipment 50,440,000 Less: Accumulated depreciation-equipment

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At December 31, 2022. Martinez Corporation reported the following plant assets. Land $3,783,000 Buildings $26,590,000 15,037,425 11,552,575 Less: Accumulated depreciation-buildings Equipment 50,440,000 Less: Accumulated depreciation-equipment 6,305,000 44,135,000 Total plant assets $59.470.575 During 2023, the following selected cash transactions occurred. Apr 1 Purchased land for $2.774,200. Sold equipment that cost $756,600 when purchased on January 1, 2016. The equipment was sold for $214.370. May 1 June 1 Sold land for $2.017,600. The land cost $1,261,000, July 1 Purchased equipment for $1,387,100. July 1 Purchased equipment for $1,387,100, Dec 31 Retired equipment that cost $882,700 when purchased on December 31, 2013. No salvage value was received. Prepare a tabular summary that includes the plant asset accounts and balances shown on the December 31, 2022, balance sheet. (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 Accum. Depr.-1 al $ $ ets Liabilities Accum. Depr.- Bldgs. + Equipment Accum. Depr.- Equip $ $ e Texthonk and Modin Prepare a tabular summary that includes the plant asset accounts and balances shown on the December 31, 2022, balance sheet. (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.) Liabilities Stockholders' Equity Common Stock Retained Earnin Revenue Expense $ e Textbook and Media List of a Question 4 of 4 ular summary that includes the plant asset accounts and balances shown on the December 31, 2022, balance sheet. en causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) In front of the amount particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity Retained Earnings Ek + Revenue Expense Dividend $ $

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