Rossi Lake Resort reported the following on its balance sheet at December 31, 2018:

 

Requirements 

1. Journalize Rossi Lake Resort's plant asset purchase and depreciation transactions for 2019. 

2. Report plant assets on the December 31, 2019, balance sheet. 

Property, plant, and equipment, at cost Land. $ 144,000 Buildings ... 704,000 Less: Accumulated depreciation . (347,000) Equipment. 400,000 Less: Accumulated depreciation. (266,000)