At January 1, 2017, Blossom Company reported the following property, plant, and equipment accounts:

Accumulated depreciationbuildings

$60,200,000Accumulated depreciationequipment

52,000,000Buildings

97,200,000Equipment

150,000,000Land

20,000,000

The company uses straight-line depreciation for buildings and equipment, its year-end is December 31, and it makes adjustments annually. The buildings are estimated to have a 40-year useful life and no salvage value; the equipment is estimated to have a 10-year useful life and no salvage value.

During 2017, the following selected transactions occurred:

Apr. 1

Purchased land for $4.00 million. Paid $1.000 million cash and issued a 3-year, 6% note payable for the balance. Interest on the note is payable annually each April 1.May 1

Sold equipment for $200,000 cash. The equipment cost $2.40 million when originally purchased on January 1, 2009.June 1

Sold land for $3.60 million. Received $600,000 cash and accepted a 3-year, 5% note for the balance. The land cost $1.20 million when purchased on June 1, 2011. Interest on the note is due annually each June 1.July 1

Purchased equipment for $2.00 million cash.

Dec. 31

Retired equipment that cost $1 million when purchased on December 31, 2007. No proceeds were received.

Prepare a tabular summary that includes the property, plant, and equipment balances as of January 1, 2017.(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 particular Asset, Liability or Equity item that was reduced.)

Assets=Liabilities+Stockholders' EquityRetained EarningsCash+Notes Rec.+Interest Rec.+Land+Buildings-Accum. Depr. - Bldgs.+Equipment-Accum. Depr. - Equip.=Interest Payable+Notes Payable+Common Stock+Revenue-Expense-DividendJan. 1$

$

$

$

$

$

$

$

$

$

$

$

$

$

SHOW LIST OF ACCOUNTS

Record the above transactions in the tabular summary from part (a).(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 particular Asset, Liability or Equity item that was reduced.)

Assets=Liabilities+Stockholders' EquityRetained EarningsCash+Notes Rec.+Interest Rec.+Land+Buildings-Accum. Depr. - Bldgs.+Equipment-Accum. Depr. - Equip.=Interest Payable+Notes Payable+Common Stock+Revenue-Expense-DividendJan. 1$

$

$

$

$

$

$

$

$

$

$

$

$

$

Apr. 1

May 1

Interest revenue

Gain on disposal

Interest expense

Loss on disposal

Depreciation expense

May 1

Loss on disposal

Depreciation expense

Interest expense

Interest revenue

Gain on disposal

June 1

Interest revenue

Loss on disposal

Depreciation expense

Gain on disposal

Interest expense

July 1

Dec. 31

Loss on disposal

Depreciation expense

Interest expense

Gain on disposal

Interest revenue

Dec. 31

SHOW LIST OF ACCOUNTS

Record any adjustments required at December 31.(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 particular Asset, Liability or Equity item that was reduced.)

Assets=Liabilities+Stockholders' EquityRetained EarningsCash+Notes Rec.+InterestRec.+Land+Buildings-Accum. Depr. - Bldgs.+Equipment-Accum. Depr. - Equip.=Interest Payable+Notes Payable+Common Stock+Revenue-Expense-DividendJan. 1$

$

$

$

$

$

$

$

$

$

$

$

$

$

Apr. 1

May 1

Gain on disposal

Interest expense

Loss on disposal

Depreciation expense

Interest revenue

May 1

Depreciation expense

Gain on disposal

Loss on disposal

Interest revenue

Interest expense

June 1

Interest revenue

Loss on disposal

Depreciation expense

Gain on disposal

Interest expense

July 1

Dec. 31

Depreciation expense

Interest revenue

Gain on disposal

Loss on disposal

Interest expense

Dec. 31

Dec. 31

$

$

$

$

Depreciation expense

Loss on disposal

Gain on disposal

Interest expense

Interest revenue

Dec. 31

Loss on disposal

Depreciation expense

Gain on disposal

Interest revenue

Interest expense

Dec. 31

Loss on disposal

Interest revenue

Depreciation expense

Gain on disposal

Interest expense

Dec. 31

Interest revenue

Interest expense

Depreciation expense

Gain on disposal

Loss on disposal

SHOW LIST OF ACCOUNTS

Prepare the property, plant, and equipment section of the company's statement of financial position at December 31.(List Property, Plant and Equipment in order of Land, Buildings and Equipment.)

BLOSSOM COMPANY

Statement of Financial Position (Partial)

December 31, 2017

For the Year Ended December 31, 2017

For the Month Ended December 31, 2017

Current Assets

Current Liabilities

Intangible Assets

Long-term Investments

Long-term Liabilities

Property, Plant and Equipment

Stockholders' Equity

Total Assets

Total Current Assets

Total Current Liabilities

Total Intangible Assets

Total Liabilities

Total Liabilities and Stockholders' Equity

Total Long-term Investments

Total Long-term Liabilities

Total Property, Plant and Equipment

Total Stockholders' Equity

$

$

Less

Add

:

Add

Less

:

Current Assets

Current Liabilities

Intangible Assets

Long-term Investments

Long-term Liabilities

Property, Plant and Equipment

Stockholders' Equity

Total Assets

Total Current Assets

Total Current Liabilities

Total Intangible Assets

Total Liabilities

Total Liabilities and Stockholders' Equity

Total Long-term Investments

Total Long-term Liabilities

Total Property, Plant and Equipment

Total Stockholders' Equity

$