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At December 31,2022 , Sarasota Corporation reported the following plant assets. During 2023, the following selected cash transactions occurred Ape. 1 Purchased land for $4,325,200.

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At December 31,2022 , Sarasota Corporation reported the following plant assets. During 2023, the following selected cash transactions occurred Ape. 1 Purchased land for $4,325,200. May 1 Sold equipment that cost $1,179,600 when purchased on January 1,2016. The equipment was sold for $334,220. June 1. Sold land for $3,145,600, The land cost $1,966,000. Juli, 1 Purchased equipment for $2,262,600. Dee 31 Retired equipment that cost $1,376,200 when purchased on Decernber 31, 2013. No salvage value was recelved. 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 (or parentheses) in front of the amount entered for the porticulor Asset, Liability or Equity item that was reduced.) (b) The parts ef this quectionmust be campleted in ordec This part wal be available when you complete the part above. Firepare a tabular surmary that includes the plant asset accounts and balances shown on the December 31,2022 , balsnce sheet. Of o transaction ceurses a decrease in Assets, Liabilities or Stockhalders' Equity, place a negative sign for porenthesent is front of the amount entered for the particular. Asset, (dability or Equity item that was reduced) (b) Prepare a tabular summary that inciudes the plant asset accounts and balances shown on the December 31,2022 balance sheet. (If a transaction couses a decrease in Assets. Liabilities or Stockholders' Equity, place a nezative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) (b) The parts ot this quertion must be comoleted In oref. This part will be avaliable when you complete the cart abore

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