Selected accounts included in the property, plant, and equipment section of Sheffield Corporations balance sheet at December 31, 2019, had the following balances.

Land		$432,000
Land improvements		201,600
Buildings		1,584,000
Equipment		1,382,400

During 2020, the following transactions occurred.

1.		A tract of land was acquired for $216,000 as a potential future building site.
2.		A plant facility consisting of land and building was acquired from Mendota Company in exchange for 28,800 shares of Sheffields common stock. On the acquisition date, Sheffields stock had a closing market price of $37 per share on a national stock exchange. The plant facility was carried on Mendotas books at $158,400 for land and $460,800 for the building at the exchange date. Current appraised values for the land and building, respectively, are $331,200 and $993,600.
3.		Items of machinery and equipment were purchased at a total cost of $576,000. Additional costs were incurred as follows.

Freight and unloading		$18,720
Sales taxes		28,800
Installation		37,440

4.		Expenditures totaling $136,800 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 $115,200 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.
6.		A machine was sold for $28,800 on July 1, 2020. Original cost of the machine was $63,360 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 $2,880.

(a) Calculate the balance at December 31, 2020 in each of the following balance sheet accounts. (Hint: Disregard the related accumulated depreciation accounts.)

Balance at December 31, 2020

Land

Land Improvements

Buildings

Equipment