Selected accounts included in the property, plant, and equipment section of Splish Corporation's balance sheet at December 31, 2016, had the following balances. Land 8503,360 Land improvements 311040 Buildings 2,420,640 Equipment 1.045,440 During 2017, the following transactions occurred. 1. Atract of land was acquired for $385,920 as a potential future building site. 2. Aplant facility consisting of land and building was acquired from Futball Company exchange for 17,200 shares of Splish's common stock. On the acquisition date, Splish's stock had a closing market price of $43 per share on a national stock exchange. The plant facility was carried on Futball's books at $178,560 for land and $594,540 for the building at the exchange dats. Current appraised values for the land and building, respectively, are $120,960 and $483,840. 3. ns of machinery ipment purchased at a total cost of $999,920. Additional costs were in as follows: Freight S30.240 Salas taxas 16,560 Installation 62,794 5. Expenditures totaling $85,400 were made for new parking lots, streets and sidewalks at the plant facility accuired from Futball Company. These expenditures have an estimated useful life of 10 years. A machine costing $8,400 on January 1, 2013, vas scrapped on June 30, 2017. Straight-line depreciation has been recorded on the basis of a 25-year life and a salvage value of $7,200. A machine was sold for $21.600 on July 1, 2017. Original cost of the machine was $144,000 on January 1, 2014 and it was depreciated using the double-declining balance method over an estimated useful life of years and a zero salvage value 6. Calculate the balance at December 31, 2017 in each of the following balance sheet accounts. (Hint Disregard the related accumulated depreciation accounts. Balance at December 31, 2017 Land S 1,110,240 Land Improvements 9 397,440 Buildings $ 2.904 480 Equipment $ 2.275,344