Pronghorn Corporation prepares financial statements in accordance with IFRS. Selected accounts included in the property, plant, and equipment section of the company's statement of financial position at December 31, 2016, had the following balances:

Land$300,170Land Improvements140,060 Buildings 1,100,480 Equipment 960,500

During 2017, the following transactions occurred:

1.A tract of land was acquired for $150,220 as a potential future building site.2.A plant facility consisting of land and a building was acquired from Knorman Corp. for use in production in exchange for 19,840 of Pronghorn's common shares. The most recent sale of Pronghorn's common shares took place last month, when 3,800 of Pronghorn's common shares sold for $58 per share. The plant facility was carried on Knorman's books at $110,400 for land and $320,150 for the building at the exchange date. At the exchange date, a reliable, independent valuator determined the fair value of the land and building to be $230,120 and $690,080 respectively.3.Equipment was purchased for a total cost of $440,000. Additional costs incurred were as follows:

Freight and unloading$12,990 Provincial sales taxes 30,800 GST (recoverable)22,000 .Expenditures totalling $94,600 were made for new parking lots, streets, and sidewalks at the corporation's various plant locations. These expenditures had an estimated useful life of 17 years.5.A piece of equipment that cost $79,810 on January 1, 2009, was scrapped on June 30, 2017. Double-declining-balance depreciation had been recorded based on a 11-year life.6.A piece of equipment was sold for $19,860 on July 1, 2017. Its original cost was $44,420 on January 1, 2014, and it was depreciated on the straight-line basis over an estimated useful life of 8 years, assuming a residual value of $1,610.

(a1)

Compute the following:

Gain/loss on Equipment Scrapped

$

 

Gain

Loss

Gain/loss on Equipment Sold

$

 

Gain

Loss

(a2)

detailed analysis of the changes in each of the following statement of financial position accounts for 2017: Land, Land Improvements, Buildings, and Machinery and Equipment. (Hint: Ignore the related accumulated depreciation accounts.)

Land$

Land Improvements$

Buildings$

Machinery and Equipment$