At December $31,2027,$ Sarasota Corporation reported the following plant assets.

Land

Buildings

$$26,650,000$

Less: Accumulated depreciation$-$buildings

$\frac{23,444,550}{78,640,000}$

$3,205,450$

Equipment

$78,640,000$

$$5,898,000$

Less: Accumulated depreciation$-$equipment $,9,830,000,68,810,{000}_{?}$

Total plant assets

$$77,913,450$

During $2028,$ the following selected cash transactions occurred.

Apr. $1$ Purchased land for $$4,325,200.$

May $1$ Sold equipment that cost $$1,179,600$ when purchased on January $1,2021.$ The equipment was sold for $$334,220.$

June $1$ Sold land for $$3,145,600.$ The land cost $$1,966,000.$

July $1$ Purchased equipment for $$2,162,600.$

Dec. $31$ Retired equipment that cost $$1,376,200$ when purchased on December $31,2018.$ No salvage value was received.