During 2017, the following transactions occurred.

1. A tract of land was acquired for $174,000 as a potential future building site. 2. A plant facility consisting of land and building was acquired from Mendota Company in exchange for 23,200 shares of Martinezs common stock. On the acquisition date, Martinezs stock had a closing market price of $37 per share on a national stock exchange. The plant facility was carried on Mendotas books at $127,600 for land and $371,200 for the building at the exchange date. Current appraised values for the land and building, respectively, are $266,800 and $800,400. 3. Items of machinery and equipment were purchased at a total cost of $464,000. Additional costs were incurred as follows.

Freight and unloading $15,080 Sales taxes 23,200 Installation 30,160

4. Expenditures totaling $110,200 were made for new parking lots, streets, and sidewalks at the corporations various plant locations. These expenditures had an estimated useful life of 15 years. 5. A machine costing $92,800 on January 1, 2009, was scrapped on June 30, 2017. Double-declining-balance depreciation has been recorded on the basis of a 10-year life. 6. A machine was sold for $23,200 on July 1, 2017. Original cost of the machine was $51,040 on January 1, 2014, and it was depreciated on the straight-line basis over an estimated useful life of 7 years and a salvage value of $2,320.

(a) Calculate the balance at December 31, 2017 in each of the following balance sheet accounts. (Hint: Disregard the related accumulated depreciation accounts.)

Balance at December 31, 2017 Land $ Land Improvements $ Buildings $ Equipment $