The plant asset and accumulated depreciation accounts of Pell Corporation had the following balances at December $31,2023$:

Plant Asset Accumulated Depreciation

Land $ $460,000$ $ $$

Land improvements $235,00056,000$

Building $2,050,000361,000$

Equipment $1,180,000416,000$

Automobiles $205,000123,000$

Transactions during $2024$ were as follows:

On January $2,2024,$ equipment was purchased at a total invoice cost of $$315,000,$ which included a $$6,600$ charge for freight. Installation costs of $$38,000$ were incurred in addition to the invoice cost.

On March $31,2024,$ a small storage building was donated to the company. The person donating the building originally purchased it three years ago for $$30,000.$ The fair value of the building on the day of the donation was $$20,000.$

On May $1,2024,$ expenditures of $$61,000$ were made to repave parking lots at Pell$$s plant location. The work was necessitated by damage caused by severe winter weather. The repair doesn$$t provide future benefits beyond those originally anticipated.

On November $1,2024,$ 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 $$39$ per share. Pell paid legal fees and title insurance totaling $$34,000.$ Shortly after acquisition, the building was razed at a cost of $$46,000$ in anticipation of new building construction in $2025.$

On December $31,2024,$ Pell purchased a small storage building by giving $$17,450$ cash and an old automobile purchased for $$23,500$ in $2017.$ Depreciation on the old automobile recorded through December $31,2024,$ totaled $$14,600.$ The fair value of the old automobile was $$4,850.$

Required:

Prepare a schedule analyzing the changes in each of the plant assets during $2024.$