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Hi I need help answer the following question thank you The plant asset and accumulated depreciation accounts of Pell Corporation had the following balances of

Hi I need help answer the following question thank you
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The plant asset and accumulated depreciation accounts of Pell Corporation had the following balances of te Land Land improvements Building Equipent Automobiles Plant Assat $ 450,000 230,000 2,000,000 1,178,000 200,000 Accumulated Depreciation $ 55,000 360,000 415,000 122,000 Transactions during 2021 were as follows: On January 2, 2021, equipment were purchased at a total invoice cost of $310,000, which included a $6,500 charge for freight Installation costs of $37.000 were incurred b. On March 31, 2021. a small storage building was donated to the company. The person donating the building originally purchased it three years ago for $29.000. The fair value of the building on the day of the donation was $19.500. con May 1, 2021, expenditures of $60,000 were made to repave parking lots at Pell's plant location. The work was necessitated by damage caused by severe winter weather. The repair doesn't provide future benefits beyond those originally anticipated d. On November 1, 2021, Pell acquired a tract of land with an existing building in exchange for 10,000 shares of Pell's common stock that had a market price of $38 per share. Pell paid legal fees and title insurance totaling $33,000. Shortly after acquisition, the building was razed at a cost of $45.000 in anticipation of new building construction in 2022 e On December 31, 2021. Pell purchased a small storage building by giving $16.250 cash and an old automobile purchased for $23.000 in 2014 Depreciation on the old automobile recorded through December 31, 2021, totaled $14.500. The folre value of the old automobile was $4.750. Required: Prepare a schedule analyzing the changes in each of the plant assets during 2021 PELL CORPORATION Balance Analysis of Changes in Plant Assets For the Year Ended December 1, 2021 Balance 120312030 Inara Decrease $ 450.000 230.000 2.000.000 12/212021 | Land Land improvements Duo Court Auto 1.000 200.000 CO0003 2 0

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