Problem 10-05A a-c (Video) At December 31, 2020, Sarasota Company reported the following as plant assets. Land $ 3,640,000 16,360,000 Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation equipment Total plant assets $28,180,000 11,820,000 48,740,000 4,780,000 43,960,000 $63,960,000 During 2021, the following selected cash transactions occurred. April 1 May 1 June 1 July 1 Dec. 31 Purchased land for $2,170,000. Sold equipment that cost $750,000 when purchased on January 1, 2017. The equipment was sold for $450,000. Sold land purchased on June 1, 2011 for $1,510,000. The land cost $393,000. Purchased equipment for $2,510,000. Retired equipment that cost $498,000 when purchased on December 31, 2011. The company received no proceeds related to salvage. Prepare the plant assets section of Sarasota's balance sheet at December 31, 2021. (List Plant Assets in order of Land, Buildings and Equipment.) Sarasota Company Balance Sheet (Partial) December 31, 2021 Property Plant and Equipment Land 5,417,000 Buildings 28,180,000 Less 563,600 5,980,600 Accumulated Depreciation-Buildings 48,740,000 Equipment I Less 7 TAccumulated Depreciation-Equipment Total Property Plant and Equipment