Use the following table:

Big Sky Farms
Partial Balance Sheet
April 30, 2020
Property, plant and equipment:
Land				$	690,000
Building1	$	795,000
Less: Accumulated depreciation		583,000			212,000
Equipment2		530,000
Less: Accumulated depreciation		224,720			305,280
Total property, plant and equipment				$	1,207,280

¹The building was purchased on May 3, 2009, and is depreciated to the nearest whole month using the straight-line method. Depreciation is based on a 15-year life, after which it will be demolished and replaced with a new one. ²The equipment was purchased on November 3, 2017, and is depreciated to the nearest whole month using the double-declining-balance method. The total estimated useful life is 10 years with a residual value of $200,000. Required: 1. Calculate and record depreciation for the year just ended April 30, 2021, for both the building and equipment.

2. Prepare the property, plant, and equipment section of the balance sheet at April 30, 2021. (Enter all amounts as positive values.)