ing as planit assets. Land $4,360,000 Buildings $29,770,000 Less: Accumulated depreciation-buildings 12,500,000 17,270,000 Equipment 47,890,000 Less: Accumulated depreciation-equipment 4,870,000 43,020,000 Total plant assets $64,650,000 During 2023, the following selected cash transactions occurred. April 1 Purchased land for $2,030,000. May 1 June 1 July 11 Dec. 31 Sold equipment that cost $1,110,000 when purchased on January 1, 2019. The equipment was sold for $666,000. Sold land purchased on June 1, 2013 for $1,490,000. The land cost $391,000. Purchased equipment for $2,580,000. Retired equipment that cost $489,000 when purchased on December 31, 2013.