At December 31, 2020, Gopal Company reported the following as plant assets. Land 4,000,000 Buildings 28,500,000 Less: Accumulated depreciation - 12,100,000 16,400,000 buildings Equipment 48,000,000 5,000,000 43,000,000 Less: Accumulated depreciation - equipment Total plant 63,400,000 assets During 2021, the following selected cash transactions occurred. April 1 Purchased land for $2,130,000. May 1 Sold equipment that cost $750,000 when purchased on January 1, 2017. The equipment was sold for $450,000 June 1 Sold land purchased on June 1, 2011, for $1,500,000. The land cost $400,000. July 1 Purchased equipment for $2,500,000. Dec. 31 Retired equipment that cost $500,000 when purchased on December 31, 2011. No salvage value was received. (a) Prepare the ledger accounts of relevant plant assets and then prepare Gopal's balance sheet at December 31, 2021