Prepare a tabular summary that includes the plant asset accounts and balances shown on the December 31, 2022, balance sheet.

		Assets											=	Liabilities	+	Stockholders' Equity
																		Retained Earnings
		Cash	+	Land	+	Buildings	-	Accum. Depr. - Bldgs.	+	Equipment	-	Accum. Depr. - Equip.	=		+	Common Stock	+	Revenue	-	Expense	-	Dividend
Bal.

At December 31, 2022, Ayayai Corporation reported the following plant assets.

Land				$ 5,238,000
Buildings		$26,730,000
Less: Accumulated depreciationbuildings		20,821,050		5,908,950
Equipment		69,840,000
Less: Accumulated depreciationequipment		8,730,000		61,110,000
Total plant assets				$72,256,950

Enter the 2023 transactions in the tabular summary from part (a). Ayayai uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 40-year useful life and no salvage value; the equipment is estimated to have a 10-year useful life and no salvage value. Update depreciation on assets disposed of at the time of sale or retirement.

During 2023, the following selected cash transactions occurred.

Apr.	1		Purchased land for $3,841,200.
May	1		Sold equipment that cost $1,047,600 when purchased on January 1, 2016. The equipment was sold for $296,820.
June	1		Sold land for $2,793,600. The land cost $1,746,000.
July	1		Purchased equipment for $1,920,600.
Dec.	31		Retired equipment that cost $1,222,200 when purchased on December 31, 2013. No salvage value was received.

Record adjustments to accounts for depreciation for 2023. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Cash Land Buildings Accum. Depr. - Bal. $5,238.000 $26,730,000 $(20, Apr. 1 $(3,841,200) 3,841,200 May 1 May 1 296,820 June 1 2,793,600 (1.746,000) July 1 (1.920,600) Dec. 31 Dec 31 Dec. 31 Dec. 31 (c) Record adjustments to accounts for depreciation for 2023. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) ts Liabilities Accum. Depr.- Bldgs. + Equipment Accum. Depr.- Equip $120.821,050) $(69,840,000) $(8,730,000) (34.920) (1,047.600) 768,240 1.920,600 (122,220) (1,222 200) 1,222,200 $ Liabilities Stockholders' Equity Retained Earnings Common Stock Revenue Expense $(34,920) $17.460 1,047,600 (122,220) lace a negative sign (or parentheses) in front of the amount entered for the particular Asse that was reduced.) rs' Equity Retained Earnings Expense Dividend $(34,920) Depreciation expense Gain on disposal Gain on disposal (122,220) Depreciation expense Depreciation expense $ At December 31, 2022. Ayayai Corporation reported the following plant assets Land $5,238,000 Buildings $26,730,000 20,821,050 5.908,950 Less: Accumulated depreciation-buildings Equipment 69,840,000 Less: Accumulated depreciation-equipment 8.730,000 61.110,000 Total plant assets $72.256,950 During 2023. the following selected cash transactions occurred Apr 1 May 1 June 1 Purchased land for $3,841,200, Sold equipment that cost $1.047,600 when purchased on January 1, 2016. The equipment was sold for $296,820 Sold land for $2.793,600. The land cost $1,746,000 Purchased equipment for $1.920,600. Retired equipment that cost $1,222,200 when purchased on December 31, 2013. No salvage value was received. July 1 Dec 31 Liabilities Stockholders' Equity Retained Earnings Common Stock Revenue Expense $(34,920) $17.460 1,047,600 (122,220) (c) Record adjustments to accounts for depreciation for 2023. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) ts Liabilities Accum. Depr.- Bldgs. + Equipment Accum. Depr.- Equip $120.821,050) $(69,840,000) $(8,730,000) (34.920) (1,047.600) 768,240 1.920,600 (122,220) (1,222 200) 1,222,200 $ lace a negative sign (or parentheses) in front of the amount entered for the particular Asse that was reduced.) rs' Equity Retained Earnings Expense Dividend $(34,920) Depreciation expense Gain on disposal Gain on disposal (122,220) Depreciation expense Depreciation expense $ Record adjustments to accounts for depreciation for 2023. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Cash Land Buildings Accum. Depr. - Bal. $5,238.000 $26,730,000 $(20, Apr. 1 $(3,841,200) 3,841,200 May 1 May 1 296,820 June 1 2,793,600 (1.746,000) July 1 (1.920,600) Dec. 31 Dec 31 Dec. 31 Dec. 31