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Problem \# 1: Plant Assets and Depreciation ( 24 points) 1. On June 30, 2022, Mayan Colander Inc. purchased a plot of land for $328,000 cash and paid $22,000 cash as a brokers' commission on the purchase. Prior to constructing a new building on the land, the company paid $30,000 cash to remove an old building and other materials from the land. Mayan Colander Inc, recelved $18,000 cash from a salvage company for the materials recovered from the property. On July 1, 2022, Mayan Colander Inc, paid $12,000 cash for real estate taxes for the period beginning hulu 1 ono2 and andina December 31, 2022. a. SUPPORTING COMPUTATION REQUIRED: At December 21, 2022, the land had an appraised value of $400,000. A similar plot of land adjacent to Mayan Colander Inc.'s plot sold for $405,000 in December 2022. On November 12, 2023, Mayan Colander Inc. sold the plot of the land for $425,000 cash