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The following selected account balances relate to the property, plant, and equipment accounts of Katewill Inc.: Additional information: Purchased $39, 210 of land for cash.
The following selected account balances relate to the property, plant, and equipment accounts of Katewill Inc.: Additional information: Purchased $39, 210 of land for cash. Purchased $76, 740 of equipment for a $11, 590 down payment, financing the remainder with a bank loan. Equipment was also sold during the year. Calculate any cash receipts or payments related to the property, plant, and equipment accounts in 2015. Land purchase $ Equipment purchase $ Proceeds from disposal of equipment $
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