Selected accounts included in the property, plant, and equipment section of Lobo Corporations balance sheet at December 31, 2013, had the following balances. Land $723,900 Land improvements 337,820 Buildings 2,654,300 Equipment 2,316,480 During 2014, the following transactions occurred. 1. A tract of land was acquired for $361,950 as a potential future building site. 2. A plant facility consisting of land and building was acquired from Mendota Company in exchange for 48,260 shares of Lobos common stock. On the acquisition date, Lobos stock had a closing market price of $37 per share on a national stock exchange. The plant facility was carried on Mendotas books at $265,430 for land and $772,160 for the building at the exchange date. Current appraised values for the land and building, respectively, are $554,990 and $1,664,970. 3. Items of machinery and equipment were purchased at a total cost of $965,200. Additional costs were incurred as follows. Freight and unloading $31,369 Sales taxes 48,260 Installation 62,738 4. Expenditures totaling $229,235 were made for new parking lots, streets, and sidewalks at the corporations various plant locations. These expenditures had an estimated useful life of 15 years. 5. A machine costing $193,040 on January 1, 2006, was scrapped on June 30, 2014. Double-declining-balance depreciation has been recorded on the basis of a 10-year life. 6. A machine was sold for $48,260 on July 1, 2014. Original cost of the machine was $106,172 on January 1, 2011, and it was depreciated on the straight-line basis over an stimated useful life of 7 years and a salvage value of $4,826. (a) Prepare a detailed analysis of the changes in each of the following balance sheet accounts for 2014. (Hint: Disregard the related accumulated depreciation accounts.)