The plant asset and accumulated depreciation accounts of Pell Corporation had the following balances at December 31, 2017: Plant Asset S 350,080 Land Land improvements Building Machinery and equipment Automobiles 180,880 45,080 358,880 485,000 112,800 1,580,000 1,158,08e 158,800 Transactions during 2018 were as follows: a. On January 2, 2018, machinery and equipment were purchased at a total invoice cost of $260,000, which included a $5,500 b. On March 31, 2018, a small storage building was donated to the company. The person donating the building originally purchased it C. On May 1, 2018, expenditures of $50,000 were made to repave parking lots at Pell's plant location. The work was necessitated by d. 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 charge for freight. Installation costs of $27000 were incurred. three years ago for $25,000. The fair value of the building on the day of the donation was $17,000 damage caused by severe winter weather that had a market price of $38 per share. Pell paid legal fees and title insurance totaling $23,000. Shortly after acquisition, the building was razed at a cost of $35.000 in anticipation of new building construction in 2019 e On December 31. 2018, Pell purchased a small storage building by giving S15,250 cash and an old automobile purchased for $18,000 in 2014. Depreciation on the old automobile recorded through December 31, 2018, totaled $13,500. The fair value of the old automobile was $3,750 Required: Prepare a schedule analyzing the changes in each of the plant assets during 2018