The plant asset and accumulated depreciation accounts of Pell Corporation had the following balances at December 31, 2017: Plant Ass Land Land improvements Building Machinery and equipment1,172,000 Automobiles 420,000 215,000 1,850,000 52,000 357,000 412,000 119,000 185,000 Transactions during 2018 were as follows: a. On January 2,2018, machinery and equipmen b. On March 31, 2018, a small storage building was donated On May 1, 2 18 expenditures of $57 were made to repave parking ots d. On November 1, 2018, Pell acquired a tract of t were purchased at a total invoice cost of $295,000, which included a $6,200 charge for freight. Installation costs of $34,000 were incurred. three years ago for $26,000. The fair value of the building on the day of the donation was $18,000 damage caused by severe winter weather. that had a market price of $35 per building was razed at a cost of $42,000 in anticipation of new building construction in 2019 $21,500 in 2014. Depreclatio old automobile was $4,450 to the company. The person donating the building originally purchased it at Pell's plant location. The work was necessitated by land with an existing building in exchange for 10,000 shares of Pell's common stock share. Pell paid legal fees and title insurance totaling $30,000. Shortly after acquisition, 1, 2018, Pell purchased a small storage building by giving $15,950 cash and an old automobile purchased for on on the old automoble recorded through December 31, 2018, totaled $14,200. The fair value of the Required: Prepare a schedule analyzing the changes in each of the plant assets during 2018. Answer is not complete PELL CORPORATION Analysis of Changes in Plant Assets For the Year Ended December 31, 2018 Balance 12/31/2018 842,000 215,000 1,868,000 Balance 12/31/2017 Increase Decrease Land Land improvements Building 420,000 422,000 8,000 ,172,000329,000 215,000 1,850,000 Machinery and equipment Automobiles 1,501,000 21,500163,500 3,842,000 769,000 21,500 4,589,500 185,000 Totals