Martinez Corporation prepares finandal statements in accordance with If RS. Selected accounts inciuded in the property. plant, and equipment section of the compary's statement of financlal position at December 31,2022 , had the following balances: During 2023, the following transactions occurred 1. A tract of land was acquired for $150,390 as a potential future buliding site. 2. A plant facility consistinc of land and a building was actuired from Knorman Cora for use in production in exchange for 19.550 of Martinez's common shares. The most recent sale of Martiner's common shares took place one month carfier, when 3770 of Martinez's compon shares sold for $57 per share. The plant facility was carried on Knorman's bocks at $110.260 for land and $320,170 for th sullding at the exchange date At the exchange date a rellable, independent valuator determined. the fair value of the land and buildins to be $230,050 and $690,310 respectively. 3. Equipment was purchased for a total cost of $440000. Additional costs incurred were as follow: 4. Expenditures totaline 594.570 were made for new parkine lots, streets, and sidewalks at the corporations various plant, locationa. These expenditures had an estimated useful life of 1 y years the fair value of the land and building to be $230,050 and $690,310 respectlvely. 3. Equipment was purchased for a total cost of $440,000. Additional costs incurred were as follows: 4. Expenditures totaling $94,570 were made for new parking lots, streets, and sidewalks at the corporation's various plant locations. These expenditures had an estimated useful life of 13 years. 5. A plece of equipment that cost $79,700 on January 1, 2015, was scrapped on lune 30,2023 . Double-declining bafance depreciation had been recorded based on a 10 -year life. 6. A piece of equipment was sold for $19,850 on July 1, 2023 . Its original cost was $44,300 on January 1,2020, and it was depreclated on the straight-lioe basis over an estimated usefullife of 7 years, assuming a residual value of $1.730. (a) Calculate the balance at December 31,2023 in each of the following accounts: Land, Land improvements, Bulldings, and: Equipment (Hint Igngre the related accumulated depreciation accounts)