7 Land Land improvements Building Equipment Automobiles Plant Aksel $360,00 185, cee 1,550,00 1,160, 155, Depreciation 46,00 351, cee 406.ee 113,ese OOR Transactions during 2021 were as follows. a. On January 2, 2021. equipment were purchased at a total tavoice cost of $265,000, which included a $5,600 charge for freight Installation costs of $28.000 were incurred. b. On March 31, 2021. a small storage building was donated to the company. The person donating the building originally purchased it three years ago for $20.000. The fair value of the building on the day of the donation was $15.000 c. On May 1, 2021. expenditures of $51,000 were made to repeve 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 d On November 1, 2021, Pell acquired a tract of land with an existing building in exchange for 10,000 shares of Poils common stock that had a market price of $35 per share. Pell paid legal fees and title Insurance totaling $24,000. Shortly after acquisition, the building was razed at a cost of $36.000 in anticipation of new building construction in 2022 e. On December 31, 2021. Peli purchased a smal storage building by giving $15.350 cash and an old automobile purchased for $18.500 in 2014 Depreciation on the old automobile recorded through December 31, 2021, totaled $13.600. The fair value of the old automobile was $3,850 need Required: Prepare a schedule anayzing the changes in each of the plant assets during 2020 PELL CORPORATION Analysis of Changes la Plant Asset For the Year Ended December 2021 Balance 12:317-2020 Increase Decrease 980.000 38.000 450.000 Balande 12/31/2021 Land Land moreements Building Equment Automobiles