Blue Spruce Corporation prepares financial statements in accordance with IFRS. Selected accounts included in the property, plant, and equipment section of the company's statement of financial position at December 31,2022 , had the following balances: During 2023 , the following transactions occurred: 1. A tract of land was acquired for $150,450 as a potential future building site. 2. A plant facility consisting of land and a building was acquired from Knorman Corp. for use in production in exchange for 19,620 of Blue Spruce's common shares. The most recent sale of Blue Spruce's common shares took place one month earlier, when 3,570 of Blue Spruce's common shares sold for $56 per share. The plant facility was carried on Knorman's books at $110,490 for land and $320,000 for the building at the exchange date. At the exchange date, a reliable, independent valuator determined the fair value of the land and building to be $230,450 and $690,170 respectively. 3. Equipment was purchased for a total cost of $430,000. Additional costs incurred were as follows: 3. Equipment was purchased for a total cost of $430,000. Additional costs incurred were as follows: 4. Expenditures totalling $94,880 were made for new parking lots, streets, and sidewalks at the corporation's various plant locations. These expenditures had an estimated useful life of 16 years. 5. A piece of equipment that cost $79,800 on January 1,2015 , was scrapped on June 30,2023 . Double-declining-balance depreciation had been recorded based on a 10-year life. 6. A piece of equipment was sold for $19,920 on July 1,2023 . Its original cost was $44,460 on January 1,2020 , and it was depreciated on the straight-line basis over an estimated useful life of 7 years, assuming a residual value of $1,610. (a) Calculate the balance at December 31, 2023 in each of the following accounts: Land, Land Improvements, Buildings, and Equipment. (Hint: Ignore the related accumulated depreciation accounts.) Land $ Land Improvements \$ Buildings $ Equipment $