Selected accounts included in the property, plant, and equipment section of Crane Corporation's balance sheet at December 31, 2024, had the following balances. Land $306,000 Land improvements 142,800 Buildings 1,122,000 Equipment 979,200 During 2025, the following transactions occurred. 1. A tract of land was acquired for $153,000 as a potential future building site. 2. 3. A plant facility consisting of land and building was acquired from Mendota Company in exchange for 20,400 shares of Crane's common stock. On the acquisition date, Crane'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 $112,200 for land and $326,400 for the building at the exchange date. Current appraised values for the land and building, respectively, are $234,600 and $703,800. Items of machinery and equipment were purchased at a total cost of $408,000. Additional costs were incurred as follows. Freight and unloading Sales taxes Installation $13,260 20,400 26,520 4. 5. 6. Expenditures totaling $96,900 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 $81,600 on January 1, 2017, was scrapped on June 30, 2025. Double-declining-balance depreciation has been recorded on the basis of a 10-year life. A machine was sold for $20,400 on July 1, 2025. Original cost of the machine was $44,880 on January 1, 2022, and it was depreciated on the straight-line basis over an estimated useful life of 7 years and a salvage value of $2,040. (a) Calculate the balance at December 31, 2025 in each of the following balance sheet accounts. (Hint: Disregard the related accumulated depreciation accounts.) Land Land improvements Buildings Equipment Balance at December 31, 2025