At January 1, 2022, Cullumber Company reported the following property, plant, and equipment accounts: Accumulated depreciation-buildings $61,350,000 Accumulated depreciation-equipment 54,650,000 Buildings 97,400,000 Equipment 150,550,000 Land 21,850,000 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: Apr. 1 Purchased land for $4 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. May 1 Sold equipment for $320,000 cash. The equipment cost $4 million when originally purchased on January 1, 2014. June 1 Sold land for $6 million. Received $700,000 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. July 1 Purchased equipment for $3 million cash. Dec. 31 Retired equipment that cost $1 million when purchased on December 31, 2012. No proceeds were received. 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.) Cash Notes Rec. Interest Rec. Lanc