Lowell Companys December 31, 2012, trial balance includes the following accounts: Inventory $120,000; Buildings $207,000; Accumulated DepreciationEquipment

Question:

Lowell Company’s December 31, 2012, trial balance includes the following accounts: Inventory $120,000; Buildings $207,000; Accumulated Depreciation—Equipment $19,000; Equipment $190,000; Land (held for investment) $46,000; Accumulated Depreciation—Buildings $45,000; Land $71,000; Timberland $70,000. Prepare the property, plant, and equipment section of the balance sheet.