During the current year, Hitchcock Developers disposed of plant assets in the following transactions:

Feb.	10	Office equipment costing $24,000 was given to a scrap dealer at no charge. At the date of disposal, accumulated depreciation on the office equipment amounted to $21,800.
Apr.	1	Hitchcock sold land and a building to Claypool Associates for $900,000, receiving $100,000 cash and a five-year, 9 percent note receivable for the remaining balance. Hitchcock