Current Attempt in Progress At December 31, 2017, Arnold Corporation reported the following plant assets. $3,000,000 Land Buildings Less: Accumulated depreciation--buildings Equipment Less: Accumulated depreciation equipment Total plant assets $26,500.000 11.925,000 40.000.000 5,000,000 14.575,000 35.000.000 $52.575.000 During 2018, the following selected cash transactions occurred Apr. 1 Purchased land for $2.200.000 May 1 Sold equipment that cost $600.000 when purchased on January 1, 2011. The equipment was sold for $170,000 June 1 Sold land for $1.600,000. The land cost $1.000.000, July 1 Purchased equipment for $1.100.000. Dec. 31 Retired equipment that cost $700.000 when purchased on December 31, 2008. No salvage value was received. - Your answer is partially correct. 5:25 PM e o Gmail YouTube Maps Twitch Prepare the plant assets section of Arnold's balance sheet at December 31, 2018. (Hint: You may wish to set up T accounts.post beginning balances and then post 2018 transactions.) (List Plant Assets in order of Land, Building and Equipment.) ARNOLD CORPORATION Partial Balance Sheet e Textbook and Media List of Accounts Submit Answer Attempts: 1 of 3 used Set Current Attempt in Progress At December 31, 2017, Arnold Corporation reported the following plant assets. $3,000,000 Land Buildings Less: Accumulated depreciation--buildings Equipment Less: Accumulated depreciation equipment Total plant assets $26,500.000 11.925,000 40.000.000 5,000,000 14.575,000 35.000.000 $52.575.000 During 2018, the following selected cash transactions occurred Apr. 1 Purchased land for $2.200.000 May 1 Sold equipment that cost $600.000 when purchased on January 1, 2011. The equipment was sold for $170,000 June 1 Sold land for $1.600,000. The land cost $1.000.000, July 1 Purchased equipment for $1.100.000. Dec. 31 Retired equipment that cost $700.000 when purchased on December 31, 2008. No salvage value was received. - Your answer is partially correct. 5:25 PM e o Gmail YouTube Maps Twitch Prepare the plant assets section of Arnold's balance sheet at December 31, 2018. (Hint: You may wish to set up T accounts.post beginning balances and then post 2018 transactions.) (List Plant Assets in order of Land, Building and Equipment.) ARNOLD CORPORATION Partial Balance Sheet e Textbook and Media List of Accounts Submit Answer Attempts: 1 of 3 used Set