At January 1, 2022, Wildhorse Co. reported the following property, plant, and equipment accounts: Accumulated depreciation-buildings $64,000,000 Accumulated depreciation-equipment 54,400,000 Buildings 97,300,000 Equipment Land 150,800,000 20,250,000 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 May 1 June 1 July 1 Dec. 31 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 $300,000 cash. The equipment cost $3 million when originally purchased on January 1, 2014. Sold land for $4 million. Received $900,000 cash and accepted a 3-year, 5% note for the balance. The land cost $1 million when purchased on June 1, 2016. Interest on the note is due annually each June 1. Purchased equipment for $3 million cash. Retired equipment that cost $1 million when purchased on December 31, 2012. No proceeds were received. (a) 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.) Jan. 1 69 $ Cash $ Notes Rec. $ Interest Rec. $ (a) 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.) Interest Rec. $ 69 Assets Land Buildings Accum. Depr.- $ $ (a) 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.) Accum. Depr.- Bldgs. $ Equipment Accum. Depr.- Equip. Interest Payable $ $ (a) 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 St $ Interest Payable $ Notes Payable $ Common Stock $ Revenue (a) 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.) imon Stock Revenue $ Stockholders' Equity Retained Earnings Expense $ $ Dividend