Problem 9-2A (Part Level Submission)

At December 31, 2014, Navaro Corporation reported the following plant assets.

Land				$ 5,196,000
Buildings		$30,050,000
Less: Accumulated depreciationbuildings		20,654,100		9,395,900
Equipment		69,280,000
Less: Accumulated depreciationequipment		8,660,000		60,620,000
Total plant assets				$75,211,900

During 2015, the following selected cash transactions occurred.

Apr.	1		Purchased land for $3,810,400.
May	1		Sold equipment that cost $1,039,200 when purchased on January 1, 2008. The equipment was sold for $294,440.
June	1		Sold land for $2,771,200. The land cost $1,732,000.
July	1		Purchased equipment for $1,905,200.
Dec.	31		Retired equipment that cost $1,212,400 when purchased on December 31, 2005. No salvage value was received.

Prepare the plant assets section of Navaros balance sheet at December 31, 2015. (Hint: You may wish to set up T accounts, post beginning balances, and then post 2015 transactions.) (List Plant Assets in order of Land, Building and Equipment.)