The plant asset and accumulated depreciation accounts of Pell Corporation had the following balances at December 31, 2017:

	Plant Asset			Accumulated Depreciation
Land	$	470,000		$
Land improvements		240,000			57,000
Building		2,100,000			362,000
Machinery and equipment		1,182,000			417,000
Automobiles		210,000			124,000

Transactions during 2018 were as follows:

1. On January 2, 2018, machinery and equipment were purchased at a total invoice cost of $320,000, which included a $6,700 charge for freight. Installation costs of $39,000 were incurred.
2. On March 31, 2018, a small storage building was donated to the company. The person donating the building originally purchased it three years ago for $31,000. The fair value of the building on the day of the donation was $20,500.
3. On May 1, 2018, expenditures of $62,000 were made to repave parking lots at Pells plant location. The work was necessitated by damage caused by severe winter weather.
4. On November 1, 2018, Pell acquired a tract of land with an existing building in exchange for 10,000 shares of Pell's common stock that had a market price of $40 per share. Pell paid legal fees and title insurance totaling $35,000. Shortly after acquisition, the building was razed at a cost of $47,000 in anticipation of new building construction in 2019.
5. On December 31, 2018, Pell purchased a small storage building by giving $16,450 cash and an old automobile purchased for $24,000 in 2014. Depreciation on the old automobile recorded through December 31, 2018, totaled $14,700. The fair value of the old automobile was $4,950.

Required: Prepare a schedule analyzing the changes in each of the plant assets during 2018. PELL CORPORATION Analysis of Changes in Plant Assets For the Year Ended December 31, 2018 Balance 12/31/2017 Increase Decrease $ 470,000 240,000 2,100,000 Balance 12/31/2018 Land Land improvements Building Machinery and equipment Automobiles Totals 1,182,000 210,000 4,202,000 $ $ 0 $ 0 $