The following selected account balances relate to the property, plant, and equipment accounts of Sheridan Inc.: 2018 2017 Accumulated depreciation-buildings $339,500 $303,000 Accumulated depreciation-equipment 148,000 102,000 Depreciation expense-buildings 36,500 36,500 Depreciation expense-equipment 70,000 46,000 Land 30,000 64,000 Buildings 760,000 760,000 Equipment 305,000 250,000 Gain on disposal (equipment) 4,100 0 Additional information: 1. Purchased $66,000 of land for cash. 2. Purchased $85,000 of equipment for a $14,000 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 2018. Land purchase $ Equipment purchase $ Proceeds from disposal of equipment $ Save for Later Attempts: 0 of 1 used Submit