Problem 13-3A a-b The following selected account balances relate to the property, plant, and equipment accounts of Crane Inc. Accumulated depreciation-buildings Accumulated depreciation-equipment Depreciation expense-buildings Depreciation expense-equipment Land Buildings Equipment Gain on disposal (equipment) 2018 $338,000 149,000 30,000 67,000 100,000 730,000 310,000 4,000 2017 $308,000 100,000 30,000 49,000 68,000 730,000 255,000 Additional information: 1. Purchased $32,000 of land for cash. 2. Purchased $84,000 of equipment for a $14,000 down payment, financing the remainder with a bank loan. Equipment was also sold during the year. Calculate any cash receipts or payments related to the property, plant, and equipment accounts in 2018 Land purchase Equipment purchase Search Be G 0 O= 4 40 ENG by Kimmel, Weygandt, Kiese, Trenholm, Irvine, and Burnley 1. 2. Purchased $32,000 of land for cash. Purchased $64,000 of equipment for a $14,000 down payment financing the remainder with a bank loan. Equipment was also sold during the year Calculate any cash receipts or payments related to the property, plant, and equipment accounts in 2018 Land purchase Equipment purchase Proceeds from disposal of equipment Indicate where each of the cash receipts of payments identified above would be classified on the statement of cash flows of accompanying notes. Land purchase Equipment purchase Proceeds from equipment disposal Note: During the year the company purchased equipment costings by paying $14.000 cash and swing a bank loan payable for $70,000. By accessing this Question Assistance, you will learn while you earn points based on the Point Potential policy set by your instructor a