Culver Corporation prepares financial statements in accordance with IFRS. Selected accounts included in the property, plant, and equipment section of the companys statement of financial position at December 31, 2019, had the following balances:

Land		$300,400
Land Improvements		140,300
Buildings		1,100,320
Equipment		960,300

During 2020, the following transactions occurred:

1.

A tract of land was acquired for $150,230 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 19,870 of Culver's common shares. The most recent sale of Culver's common shares took place one month earlier, when 3,690 of Culver's common shares sold for $57 per share. The plant facility was carried on Knormans books at $110,500 for land and $320,310 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 $230,480 and $690,450 respectively.

3.

Equipment was purchased for a total cost of $450,000. Additional costs incurred were as follows:

Freight and unloading		$12,680
Provincial sales taxes		31,500
GST (recoverable)		22,500
Installation		25,860

4.

Expenditures totalling $94,540 were made for new parking lots, streets, and sidewalks at the corporations various plant locations. These expenditures had an estimated useful life of 16 years.

5.

A piece of equipment that cost $79,700 on January 1, 2012, was scrapped on June 30, 2020. Double-declining-balance depreciation had been recorded based on a 10-year life.

6.

A piece of equipment was sold for $19,850 on July 1, 2020. Its original cost was $44,370 on January 1, 2017, and it was depreciated on the straight-line basis over an estimated useful life of 7 years, assuming a residual value of $1,600.

(a) Calculate the balance at December 31, 2020 in each of the following accounts: Land, Land Improvements, Buildings, and Equipment. (Hint: Ignore the related accumulated depreciation accounts.)