Problem 9-2A At December 31, 2017, Marigold Corporation reported the following plant assets. $ 5,073,000 Land Buildings Less: Accumulated depreciation- buildings Equipment Less: Accumulated depreciation- equipment Total plant assets $26,580,000 20,165,175 6,414,825 67,640,000 8,455,000 59,185,000 $70,672,825 During 2018, the following selected cash transactions occurred. Apr. 1 Purchased land for $3,720,200. May 1 Sold equipment that cost $1,014,600 when purchased on January 1, 2011. The equipment was sold for $287,470. June 1 Sold land for $2,705,600. The land cost $1,691,000. July 1 Purchased equipment for $1,860,100. Dec. 31 Retired equipment that cost $1,183,700 when purchased on December 31, 2008. No salvage value was received