Problem 9-2A

At December 31, 2012, Rivera Corporation reported the following plant assets.

Land				$5,178,000
Buildings		$35,550,000
Less: Accumulated depreciationbuildings		20,582,550		14,967,450
Equipment		69,040,000
Less: Accumulated depreciationequipment		8,630,000		60,410,000
Total plant assets				$80,555,450

During 2013, the following selected cash transactions occurred.

Apr.	1		Purchased land for $3,797,200.
May	1		Sold equipment that cost $1,035,600when purchased on January 1, 2006. The equipment was sold for $293,420.
June	1		Sold land for $2,761,600. The land cost $1,726,000.
July	1		Purchased equipment for $1,898,600.
Dec.	31		Retired equipment that cost $1,208,200when purchased on December 31, 2003. No salvage value was received.

Prepare the plant assets section of Riveras balance sheet at December 31, 2013.