Question: At December 3 1 , 2 0 2 7 , Marigold Corporation reported the following plant assets. During 2 0 2 8 , the following

At December 31,2027, Marigold Corporation reported the following plant assets.
During 2028, the following selected cash transactions occurred.
Apr. 1 Purchased land for $3,720,200.
May 1 Sold equipment that cost $1,014,600 when purchased on January 1,2021. The equipment was sold for
$287,470.
June 1 Sold land for $2,705,600. The land cost $1,691,000.
At December 31,2027, Marigold Corporation reported the following plant assets. During

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