At January 1, 2022. Crane Company reported the following property, plant, and equipment accounts: $61,750,000 Accumulated depreciation-buildings Accumulated depreciation-equipment 53,850,000 Buildings 97,200,000 Equipment 150,100,000 Land 23.450,000 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 2022, the following selected transactions occurred: 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 2022, the following selected transactions occurred: Apr. 1 May 1 June 1 Purchased land for $5 million. Paid $1 million cash and issued a 3-year, 6% note payable for the balance. Interest on the note is payable annually each April 1. Sold equipment for $230,000 cash. The equipment cost $4 million when originally purchased on January 1, 2014 Sold land for $4 million. Received $870,000 cash and accepted a 3-year, 5% note for the balance. The land cost $2 million when purchased on June 1, 2016. Interest on the note is due annually each June 1. Purchased equipment for $2 million cash. Retired equipment that cost $1 million when purchased on December 31, 2012. No proceeds were received July 1 Dec. 31 Prepare a tabular summary that includes the property, plant, and equipment balances as of January 1, 2022. (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.) L Interest Rec. Cash Notes Rec. $ $ Jan. 1 $ e Textbook and Media List of Accounts RA Assets Land Buildings Accum. Depr.- Bldgs. + Equipment 5 $ $ e Textbook and Media List of Accounts Prepare a tabular summary that includes the property, plant, and equipment balances as of January 1, 2022. (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.) Liabilities Sto Notes Payable Interest Payable Revenue Common Stock $ e Textbook and Media Prepare a tabular summary that includes the property, plant, and equipment balances as of January 1, 2022. (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.) Stockholders' Equity Retained Earnings ommon Stock Revenue Expense Dividend $