At January 1, 2021, Cullumber Limited reported the following property, plant, and equipment accounts: Accumulated depreciation-buildings Accumulated depreciation-equipment Buildings Equipment Land $62,300,000 50,300,000 96,100,000 150,300,000 18.100,000 The company uses straight-line depreciation for buildings and equipment, its year end is December 31, and it makes adjusting entries annually. The buildings are estimated to have a 40-year useful life and no residual value; the equipment is estimated to have a 10-year useful life and no residual value. During 2021, the following selected transactions occurred: Apr. 1 May 1 June 1 Purchased land for $4,230,000. Paid $1,080,000 cash and issued a three-year, 6% mortgage payable for the balance. Interest on the mortgage is payable annually each April 1. Sold equipment for $290,000 cash. The equipment cost $2,901,300 when originally purchased on January 1, 2013. Sold land for $3,716,300. Received $824,300 cash and accepted a three-year, 5% note for the balance. The land cost $1,400,000 when purchased on June 1, 2015. Interest on the note is due annually each June 1. Purchased equipment for $2,100,000 cash. Retired equipment that cost $1,100,000 when purchased on January 1, 2012. No proceeds were received. Tested land for impairment and found that its fair value was $18,100,000. 1 July Dec. 31 31 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, Building and Equipment.) CULLUMBER LIMITED Statement of Financial Position (Partial) December 31, 2021 Assets Property, Plant, and Equipment Land $ 20, Buildings $ 96,100,000 Less Accumulated Depreciation - Buildings Equipment Less Accumulated Depreciation - Equipment Total Property, Plant, and Equipment V $