Selected accounts included in the property, plant, and equipment section of Bramble Corporation's balance sheet at December 31, 2019, had the following balances. Land $384,000 Land improvements 179,200 Buildings 1,408,000 Equipment 1,228,800 During 2020, the following transactions occurred. 1. A tract of land was acquired for $192,000 as a potential future building site. 2. 3. A plant facility consisting of land and building was acquired from Mendota Company in exchange for 25,600 shares of Bramble's common stock. On the acquisition date, Bramble'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 $140,800 for land and $409,600 for the building at the exchange date. Current appraised values for the land and building, respectively, are $294,400 and $883,200. Items of machinery and equipment were purchased at a total cost of $512,000. Additional costs were incurred as follows. Freight and unloading $16,640 Sales taxes Installation 25,600 33,280 4. 5. 6. Expenditures totaling $121,600 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 $102,400 on January 1, 2012, was scrapped on June 30, 2020. Double-declining-balance depreciation has been recorded on the basis of a 10-year life. A machine was sold for $25,600 on July 1, 2020. Original cost of the machine was $56,320 on January 1, 2017, and it was depreciated on the straight-line basis over an estimated useful life of 7 years and a salvage value of $2,560. (a) Calculate the balance at December 31, 2020 in each of the following balance sheet accounts. (Hint: Disregard the related accumulated depreciation accounts.) 3 Balance at December 31, 2020 Land $ Land Improvements $ Buildings Equipment $