Selected accounts included in the property, plant, and equipment section of Lobo Corporations balance sheet at December 31, 2013, had the following balances.

Land		$359,400
Land improvements		167,720
Buildings		1,317,800
Equipment		1,150,080

During 2014, the following transactions occurred.

1.		A tract of land was acquired for $179,700 as a potential future building site.
2.		A plant facility consisting of land and building was acquired from Mendota Company in exchange for 23,960 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 $131,780 for land and $383,360 for the building at the exchange date. Current appraised values for the land and building, respectively, are $275,540 and $826,620.
3.		Items of machinery and equipment were purchased at a total cost of $479,200. Additional costs were incurred as follows.

Freight and unloading		$15,574
Sales taxes		23,960
Installation		31,148

4.		Expenditures totaling $113,810 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 $95,840 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 $23,960 on July 1, 2014. Original cost of the machine was $52,712 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 $2,396.

(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.)