Prepare the plant assets section of Marigolds statement of financial position at December 31, 2020. (List Property, plant and equipment in order of land, buildings and equipment.)

At December 31, 2019, Marigold Enterprises reported the following as plant assets.

Land				3,590,000
Buildings		27,650,000
Less: Accumulated depreciation-buildings		13,740,000		13,910,000
Equipment		48,010,000
Less: Accumulated depreciation-equipment		4,600,000		43,410,000
Total plant assets				60,910,000

During 2020, the following selected cash transactions occurred.

April 1		Purchased land for 2,170,000.
May 1		Sold equipment that cost 1,080,000 when purchased on January 1, 2016. The equipment was sold for 671,040.
June 1		Sold land purchased on June 1, 2010 for 1,410,000. The land cost 402,000.
July 1		Purchased equipment for 2,370,000.
Dec. 31		Retired equipment that cost 503,000 when purchased on December 31, 2010. No residual value was received.

Question 3 of 5 1.772 MARIGOLD ENTERPRISES Partial Statement of Financial Position December 31, 2020 Intangible Assets Land 2 Buildings 27650000 Less : Accumulated Depreciation-Buildings 14 Equipment 48797000 Less : Accumulated Depreciation-Equipment Total Intangible Assets 55 At December 31, 2019, Marigold Enterprises reported the following as plant assets. Land 3,590,000 Buildings 27,650,000 Less: Accumulated depreciation-buildings 13,740,000 13,910,000 Equipment 48,010,000 Less: Accumulated depreciation-equipment 4,600,000 43,410,000 Total plant assets 60,910,000 During 2020. the following selected cash transactions occurred. During 2020, the following selected cash transactions occurred. April 1 Purchased land for 2,170,000. May 1 Sold equipment that cost 1,080,000 when purchased on January 1, 2016. The equipment was sold for 671,040. June 1 Sold land purchased on June 1, 2010 for 1,410,000. The land cost 402,000. July 1 Purchased equipment for 2,370,000. Dec. 31 Retired equipment that cost 503,000 when purchased on December 31, 2010. No residual value was received. pr. 1 Land 2170000 Cash 2170000 lay 1 Depreciation Expense 36000 Accumulated Depreciation-Equipment 36000 (To record depreciation) May 1 Cash 671040 Accumulated Depreciation Equipment 468000 Equipment 1080000 Gain on Disposal of Plant Assets 59040 (To record sale of equipment) ane 1 Cash 1410000 Land 402000 Gain on Disposal of Plant Assets 1008000 aly 1 Equipment 2370000 Cash 2370000 ec. 31 Depreciation Expense 50300 Accumulated Depreciation-Equipment 50300 (To record depreciation) ec. 31 Accumulated Depreciation-Equipment 503000 Date Account Titles and Explanation Debit Credit Dec. 31 Depreciation Expense 553000 Accumulated Depreciation-Buildings 553000 (To record building depreciation) Dec. 31 Depreciation Expense 4761200 Accumulated Depreciation-Equipment 4761200 (To record equipment deprecition)