Selected accounts included in the property, plant, and equipment section of Corporation's balance sheet at December 31, 2016, had the following balances.

Land $444,000

Land improvements $207,200

Buildings 1,628,000

Equipment 1,420,800

During 2017, the following transactions occurred.

1.A tract of land was acquired for $222,000as a potential future building site.

2.A plant facility consisting of land and building was acquired from Mendota Company in exchange for29,600shares of Larkspur's common stock. On the acquisition date, Larkspur's stock had a closing market price of $37per share on a national stock exchange. The plant facility was carried on Mendota's books at $162,800for land and $473,600for the building at the exchange date. Current appraised values for the land and building, respectively, are $340,400and $1,021,200.

3.Items of machinery and equipment were purchased at a total cost of $592,000. Additional costs were incurred as follows.

Freight and unloading $19,240

Sales taxes $29,600

Installation $38,480

4.Expenditures totaling $140,600were made for new parking lots, streets, and sidewalks at the corporation's various plant locations. These expenditures had an estimated useful life of15years.

5.A machine costing $118,400on January 1, 2009, was scrapped on June 30, 2017. Double-declining-balance depreciation has been recorded on the basis of a10-year life.

6.A machine was sold for $29,600on July 1, 2017. Original cost of the machine was $65,120on January 1, 2014, and it was depreciated on the straight-line basis over an estimated useful life of7years and a salvage value of $2,960.

What will the balances be a December 31, 2017 on the balance sheet. The related accumulated depreciation accounts can be disregarded.

Balance at December 31, 2017

Land $

Land Improvements $

Buildings $

Equipment $