Problem 10-05A a-c (Part Level Submission) (Video) At December 31, 2020, Pina Colada Company reported the following as plant assets. $3,870,000o Land Buildings Less: Accumulated depreciation-buildings 10,420,000 16,660,000 Equipment Less: Accumulated depreciation-equipment 4,610,000 43,910,000 $27,080,000 48,520,000 Total plant assets $64,440,000 During 2021, the following selected cash transactions occurred. April 1 Purchased land for $2,140,000. May 1 Sold equipment that cost $930,000 when purchased on January 1, Dune 1 Sold land purchased on June 1, 2011 for $1,590,000. The land cost uly 1 Purchased equipment for $2,480,000 2017. The equipment was sold for $558,000. $402,000. Dec.31 Retired equipment that cost $517,000 when purchased on December 31, 2011. The company received no proceeds related to salvage. Problem 10-05A a-c (Part Level Submission) (Video) At December 31, 2020, Pina Colada Company reported the following as plant assets. $3,870,000o Land Buildings Less: Accumulated depreciation-buildings 10,420,000 16,660,000 Equipment Less: Accumulated depreciation-equipment 4,610,000 43,910,000 $27,080,000 48,520,000 Total plant assets $64,440,000 During 2021, the following selected cash transactions occurred. April 1 Purchased land for $2,140,000. May 1 Sold equipment that cost $930,000 when purchased on January 1, Dune 1 Sold land purchased on June 1, 2011 for $1,590,000. The land cost uly 1 Purchased equipment for $2,480,000 2017. The equipment was sold for $558,000. $402,000. Dec.31 Retired equipment that cost $517,000 when purchased on December 31, 2011. The company received no proceeds related to salvage