Problem 9-2A At December 31, 2017, Ayayai Corporation reported the following plant assets. 3,003,000 Buildings $26,510,000 11,936,925 14,573,075 buildings 40,040,000 5,005,000 35,035,000 equipment Total plant assets During 2018, the following selected cash transactions occurred Apr. 1 Purchased land for $2,202,200 May 1 Sold equipment that cost $600,600 when purchased on January 1, 2011. The equipment was sold for s170,170 June Sold land for $1,601,600. The land cost $1,001,0DO luly 1 Purchased equipment for $1,101,100. Dec. 31 Retired equipment that cost $700,700 when purchased on December 31, 2008. No salvage value was received