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

	Plant Asset			Accumulated Depreciation
Land	$	440,000		$
Land improvements		225,000			54,000
Building		1,950,000			359,000
Machinery and equipment		1,176,000			414,000
Automobiles		195,000			121,000

Transactions during 2018 were as follows:

1. On January 2, 2018, machinery and equipment were purchased at a total invoice cost of $305,000, which included a $6,400 charge for freight. Installation costs of $36,000 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 $28,000. The fair value of the building on the day of the donation was $19,000.
3. On May 1, 2018, expenditures of $59,000 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 $37 per share. Pell paid legal fees and title insurance totaling $32,000. Shortly after acquisition, the building was razed at a cost of $44,000 in anticipation of new building construction in 2019.
5. On December 31, 2018, Pell purchased a small storage building by giving $16,150 cash and an old automobile purchased for $22,500 in 2014. Depreciation on the old automobile recorded through December 31, 2018, totaled $14,400. The fair value of the old automobile was $4,650.

Required: Prepare a schedule analyzing the changes in each of the plant assets during 2018.