The following selected account balances relate to the property, plant, and equipment accounts ofWildhorseLtd.:

20212020Accumulated depreciation?buildings

$336,500$306,000Accumulated depreciation?equipment

145,00095,500Depreciation expense?buildings

30,50030,500Depreciation expense?equipment

60,00049,500Land

175,00066,000Buildings

750,000750,000Equipment

330,000260,000Gain on disposal (equipment)4,6000

Additional information regarding 2021:

1.Purchased $109,000of land for cash.

2.Purchased $81,000of equipment for a $11,000down payment, financing the remainder with a bank loan. Equipment was also sold during the year.

(a)

New attempt is in progress. Some of the new entries may impact the last attempt grading.

Your answer is partially correct.

Calculate any cash receipts or payments related to the property, plant, and equipment accounts in 2021.

Land purchase$____________

Equipment purchase$______________

Proceeds from disposal of equipment$_____________ Please explain the answers. Thank you

The following selected account balances relate to the property, plant, and equipment accounts of Crane Ltd.: 2021 2020 Accumulated depreciation buildings $333,000 $303,000 Accumulated depreciation equipment 149,000 100,000 Depreciation expen 5ebuildings 30,000 30,000 Depreciation expen 5eeq uipment 6?,000 49,000 Land 100,000 63,000 Buildings ?30,000 ?30,000 Equipment 310,000 255,000 Gain on disposal {equipment} 4,000 0 Additional information regarding 2021: 1. Purchased $32,000 of land for cash. 2. Purchased $84,000 of equipment for a $14,000 down payment, nancing the remainder with a be nk loan. Equipment was also sold during the year. (a) - Your answer is partially correct. Calculate any cash receipts or payments related to the property, plant, and equipment accounts in 2021. Land purchase 32,000 Equipment purchase 14,000 i Proceeds from disposal of equipment 18,000 eTextbook and Media Save for Later Attempts: 1 of 3 used Submit