Question: At December 3 1 , 2 0 2 5 , Swifty Corporation reported the following plant assets. Land During 2 0 2 6 , the

At December 31,2025, Swifty Corporation reported the following plant assets.
Land
During 2026, the following selected cash transactions occurred.
Apr. 1 Purchased land for $3,192,200.
May 1 Sold equipment that cost $870,600 when purchased on January 1,2019. The equipment was sold for $246,670.
June 1 Sold land for $2,321,600. The land cost $1,451,000.
July 1 Purchased equipment for $1,596,100.
At December 31,2025, Swifty Corporation reported the following plant assets. Land

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