At January 1, 2022, Oriole Company reported the following property, plant, and equipment accounts: Accumulated depreciation-buildings $62,700,000 Accumulated depreciation-equipment 54,100,000 Buildings 97,400,000 Equipment Land 150,900,000 23,000,000 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 2022, the following selected transactions occurred: Apr. 1 Purchased land for $5 million. Paid $1 million cash and issued a 3-year, 6% note payable for the balance. Interest on the