Your analysis of Wildfire Corporation's fixed asset accounts at year end reveals the following information: 1. Wildfire owns two tracts of land. The first, which cost $80,000, is being held as a future building site. It has a current market value of $54,000. The second, which cost $50,000, was purchased 14 years ago. The current office and factory buildings are on this site. The land has a current market value of $200,000. 2. Wildfire owns two buildings. The office building and the factory building were both built 10 years ago at a cost of $500,000 and $1,800,000, respectively. At that time, each was expected to have a life of 30 years and a residual value of 10% of original cost. They are being depreciated on a straight-line basis. 3. Wildfire owns manufacturing machinery with a total cost of $551,000 and accumulated depreciation of $258,500. Included in equipment is one machine that cost $35,000 and has accumulated depreciation of $24,000. This machine is being held for resale and is not being used in operations. 4. Wildfire owns computer equipment that cost $224,500 and has a book value of $118,000. It owns office furniture that cost $40,000 and has a book value of $31,000. Which of the following would be reported on Wildfire's Balance Sheet? Office furniture and equipment valued at $149,000 Land valued at $254,000 Manufacturing machinery valued at $292,500 Buildings valued at $1,610,000 Question 2 of 10