Question 10 of 12 View Policies Show Attempt History Current Attempt in Progress < > At December 31, 2022, Monty Company reported the following as plant assets. Land $3,560,000 Buildings $29,120,000 Less: Accumulated depreciation-buildings 13,240,000 15,880,000 Equipment 47,320,000 Less: Accumulated depreciation-equipment 4,650,000 42,670,000 Total plant assets $62,110,000 During 2023, the following selected cash transactions occurred. 4.29/6 EE April 1 Purchased land for $2,190,000. May 1 June 1 Sold equipment that cost $1,080,000 when purchased on January 1, 2019. The equipment was sold for $648,000. Sold land purchased on June 1, 2013 for $1,510,000. The land cost $395,000. July 1 Dec. 31 Purchased equipment for $2,480,000. Retired equipment that cost $473,000 when purchased on December 31, 2013.