Use the following table:

Big Sky FarmsPartial Balance SheetApril 30, 2020Property, plant and equipment:Land$760,000Building¹$900,000Less: Accumulated depreciation550,000350,000Equipment²600,000Less: Accumulated depreciation254,400345,600Total property, plant and equipment$1,455,600¹The 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 18-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 $250,000.

Required:

1.Calculateandrecord 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.)