Rossi Lakes Resort reported the following on its balance sheet at December 31, 2010:
Property, plant, and equipment, at cost:
Land......................................................... $ 149,000
Buildings.................................................. 704,000
Less: Accumulated depreciation............... (342,000)
Equipment................................................ 401,000
Less: Accumulated depreciation............... (268,000)
In early July 2011, the resort expanded operations and purchased additional equipment at a cost of $105,000. The company depreciates buildings by the straight-line method over 20 years with residual value of $89,000. Due to obsolescence, the equipment has a useful life of only 10 years and is being depreciated by the double-declining-balance method with zero residual value.

Requirements
1. Journalize Rossi Lakes Resorts plant asset purchase and depreciation transactions for 2011.
2. Report plant assets on the December 31, 2011, balance sheet.