Plant and Equipment Your analysis of Moen Corporation's fixed asset accounts at the end of 2016 reveals the following information: Moen owns two tracts of land. The first, which cost $18,000, is being held as a future building site. It has a current market value of $20,000. The second, which cost $19,000, was purchased 10 years ago. The current office and factory buildings are on this site. The land has a current market value of $56,000. Moen owns two buildings. The office building and the factory building were both built 10 years ago at a cost of $50,000 and $120,000, respectively. At that time, each was expected to have a life of 30 years and a residual value of 10% of original cost. They are being depreciated on a straight-line basis. Moen owns factory machinery with a total cost of $51,000 and accumulated depredation of $35, 300. Included in factory machinery is one machine that cost $7,000 and has accumulated depredation of $4, 200. This machine is being held for resale and is not being used in operations. Moen owns office equipment that cost $14, 500 and has a book value of $6, 300. It owns office furniture that cost $17, 900 and has a book value of $11, 400. Required: Prepare the property, plant, and equipment section of Moen's 2016 ending balance sheet