At December 31, 2022, Novak Company reported the following as plant assets. Land $4,470,000 Buildings $28,860,000 Less: Accumulated depreciation-buildings 10,840,000 18,020,000 Equipment 47,050,000 Less: Accumulated depreciation-equipment 5,070,000 41.980,000 Total plant assets $64,470,000 During 2023, the following selected cash transactions occurred. April 1 May 1 June 1 July 1 Dec. 31 Purchased land for $2,060,000 Sold equipment that cost $1,020.000 when purchased on January 1, 2019. The equipment was sold for $612,000. Sold land purchased on June 1, 2013 for $1.590.000. The land cost $407.000. Purchased equipment for $2.380,000 Retired equipment that cost $482,000 when purchased on December 31, 2013