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Solved At December 31, 2025, Flounder Corporation reported the following plant assets. Land Buildings Less: Accumulated depreciationbuildings Equipment Less: Accumulated depreciationequipment Total plant assets 11,952,000

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At December 31, 2025, Flounder Corporation reported the following plant assets. Land Buildings Less: Accumulated depreciationbuildings Equipment Less: Accumulated depreciationequipment Total plant assets 11,952,000 78,440,000 9,805,000 14,608,000 $89,126,000 During 2026, the following selected cash transactions occurred. Apr. May June July Dec. 1 1 1 1 31 Purchased land for $4,314,200. Sold equipment that cost $1,176,600 when purchased on January 1, 2019. The equipment was sold for $333,370. sold land for $3, 137,600. The land cost $1,961,000. Purchased equipment for $2,157,100. Retired equipment that cost $1,372,700 when purchased on December 31, 2016. No salvage value was received. Prepare the plant assets section of Flounder's balance sheet at December 31, 2026. (List PlantAssets in order Of Land, Building, and Equipment.) Current Assets Land Buildings FLOUNDER CORPORATION Partial Balance Sheet December 31.2026 7.05 Less v : Equipment Less v . Total Assets Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment

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