Selected accounts included in the property, plant, and equipment section of Sheridan Corporation's balance sheet at December 31. 2024, had the following balances. Land $342,000 Land improvements 159,600 Buildings 1,254,000 Equipment 1,094,400 During 2025, the following transactions occurred 1 A tract of land was acquired for $171.000 as a potential future building site 2 3 A plant facility consisting of land and building was acquired from Mendota Company in exchange for 22.800 shares of Sheridan's common stock. On the acquisition date, Sheridan's stock had a closing market price of $37 per share on a national stock exchange. The plant facility was carried on Mendota's books at $125,400 for land and $364,800 for the building at the exchange date. Current appraised values for the land and building, respectively, are $262.200 and $786,600. Items of machinery and equipment were purchased at a total cost of $456,000. Additional costs were incurred as follows Freight and unloading Sales taxes Installation $14,820 22.800 29,640 4. 5. 6. Expenditures totaling $108,300 were made for new parking lots, streets, and sidewalks at the corporation's various plant locations. These expenditures had an estimated useful life of 15 years. A machine costing $91,200 on January 1, 2017, was scrapped on June 30, 2025. Double-declining-balance depreciation has been recorded on the basis of a 10-year life. A machine was sold for $22,800 on July 1, 2025. Original cost of the machine was $50.160 on January 1, 2022, and it was depreciated on the straight-line basis over an estimated useful life of 7 years and a salvage value of $2,280. (a) Calculate the balance at December 31, 2025 in each of the following balance sheet accounts. (Hint: Disregard the related accumulated depreciation accounts) Balance at December 31, 2025 Land Land improvements Bulidings Equipment eTextbook and Media