Question 10 of 12 View Policies Show Attempt History Current Attempt in Progress At December 31, 2022, Novak Company reported the following as plant assets. Land $4,470,000 Buildings $28,860.000 Less: Accumulated depreciation-buildings 10,840,000 18,020,000 Equipment 47.050.000 Less: Accumulated depreciation-equipment 5,070,000 41,980,000 Total plant assets $64,470.000 0.1/6 During 2023, the following selected cash transactions occurred. April 1 Purchased land for $2.060,000. May 1 June 1 July 1 Dec. 31 Sold equipment that cost $1,020,000 when purchased on January 1, 2019. The equipment was sold for $612.000. Sold land purchased on June 1, 2013 for $1,590,000. The land cost $407,000. Purchased equipment for $2.380,000. Retired equipment that cost $482,000 when purchased on December 31, 2013.