U S Help System Announcements Kieso, Trenholm, Irvine, and Burnley beso, trenbolon. IMER Problem 13-3A a-b The following selected account balances relate to the property, plant, and equipment accounts of Blossom Inc.: 2018 2017 Accumulated depreciation-buildings $335,000 $300,000 Accumulated depreciation equipment 144,000 95,000 Depreciation expense-buildings 35,000 35,000 Depreciation expense-equipment 60,000 49,000 Land 100,000 60,000 Buildings 700,000 700,000 200 Equipment 240,000 300,000 Gain on disposal posal (equipment) Additional information: 1. 2. Purchased $40,000 of land for cash. Purchased $75,000 of equipment for a $10,000 down payment financing the remainder with a bank loan. Equipment was also sold during the year. calculate any cash receipts or payments related to the property, plant, and equipment accounts in 2018. Land purchase Equipment purchase Ornroose from denneal af animant comedugen shared assignment test stundarmt2006 155 ere to search t e w P Financial Accounting, Seventh Canadian Edition by Kimmel, Weygandt, Kieso, Trenholm, Irvine, and Burnley Help System Announcements Calculate any cash receipts or payments related to the property, plant, and equipment accounts in 2018. PRINTERV Land purchase RES Equipment purchase Proceeds from disposal of equipment $ Indicate where each of the cash receipts or payments identified above would be classified on the statement of cash flows or accompanying notes. Land purchase Equipment purchase Proceeds from equipment disposal Note: During the year the company purchased equipment costing by paying $10,000 cash and issuing a bank loan payable for $65,000. By accessing this Question Assistance, you will learn while you points based on the Point Potential Policy set by your instructor Question Attempts: 0 of 1 used SAVE FOR LATER Earn Maximum Points available only if you answer this question correctly in your first attempt % Search