XYZ Corporation Balance sheet as of 123120 reflects Buildings, net 130,000 and Equipment, net $175,000; Land $250,000; Land held for speculation S150,000 1231 2020 Accumulated depreciation buildings was 70,000 and accumulated depreciation equipment was 75,000 During 2021 the following transactions occurred Equipment (cost $30,000 and accumulated depreciation $20,000) was sold for $12,000. Building was purchased for $50,000 Building (out of 70,000 and accumulated depreciation $30,000) was sold for 552,000 Equipment was purchased for 540,000 Depreciation expense for 2021 was 23,000 ($5,000 buildings, 25,000 equipment) pare the property Plant and Equipment section of the classified balance sheet for 12/31/21.5 points) the Innihar press ALT F10 TPC or ALT ENF10 iMac XYZ Corporation Balance sheet as of 123120 reflects Buildings, net 130,000 and Equipment, net $175,000; Land $250,000; Land held for speculation S150,000 1231 2020 Accumulated depreciation buildings was 70,000 and accumulated depreciation equipment was 75,000 During 2021 the following transactions occurred Equipment (cost $30,000 and accumulated depreciation $20,000) was sold for $12,000. Building was purchased for $50,000 Building (out of 70,000 and accumulated depreciation $30,000) was sold for 552,000 Equipment was purchased for 540,000 Depreciation expense for 2021 was 23,000 ($5,000 buildings, 25,000 equipment) pare the property Plant and Equipment section of the classified balance sheet for 12/31/21.5 points) the Innihar press ALT F10 TPC or ALT ENF10 iMac