Selected accounts included in the property, plant, and equipment section of Waterway Corporation's balance sheet at December 31, 2019, had the following balances. Land $336,000 Land improvements 156,800 Buildings 1,232,000 Equipment 1,075,200 During 2020, the following transactions occurred. 1. 2. Atract of land was acquired for $168,000 as a potential future building site. A plant facility consisting of land and building was acquired from Mendota Company in exchange for 22,400 shares of Waterway's common stock. On the acquisition date, Waterway'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 $123,200 for land and $358,400 for the building at the exchange date. Current appraised values for the land and building, respectively, are $257,600 and $772.800. Items of machinery and equipment were purchased at a total cost of $448,000. Additional costs were incurred as follows. 3. Freight and unloading $14,560 Sales taxes 22,400 Installation 29,120 4. . 5. Expenditures totaling $106,400 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 $89,600 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 $22.400 on July 1, 2020. Original cost of the machine was $49,280 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 $2,240. (a) Calculate the balance at December 31, 2020 in each of the following balance sheet accounts. (Hint: Disregard the related accumulate depreciation accounts.) Balance at December 31, 2020 Land $ Land Improvements $ Buildings Equipment $