Problem 7-2 At December 31, 2017, parigeldarpration reported the folowing part ssets. s 5,073,000 Buildinge $26,580,000 Less: Accumulated depreciation-buildings 20,165,175 6,414,825 67,640,000 Equipment Less: Accumulated depreciation-equipment Total plant assets 59,185,000 70,672,825 8,455,000 During 2018, the folowing selected cash transactions occurred. Apr. 1 Purchased land for $3,720,200. May 1 Sold equipment thet cost $1,014,600 when purchased on January 1, 2011. The equipment was soid for $287,470. une 1 Sold land for $2,705,600. The land cost $1,691,000 July1 Purchased equipment for $1,860,100. Dec. 31 Retired equipment that cost $1,183,700 when purchased on December 31, 2008. No salvage value was recelved. Prepare a tabular summary that includes the plant asset accounts and balances shown on the December 31, 2017, balance sheet.(tf a transaction causes a decrease in parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets, Labilities or Stockholders Equ Stockholders Equity Retained tE Problem 7-2 At December 31, 2017, parigeldarpration reported the folowing part ssets. s 5,073,000 Buildinge $26,580,000 Less: Accumulated depreciation-buildings 20,165,175 6,414,825 67,640,000 Equipment Less: Accumulated depreciation-equipment Total plant assets 59,185,000 70,672,825 8,455,000 During 2018, the folowing selected cash transactions occurred. Apr. 1 Purchased land for $3,720,200. May 1 Sold equipment thet cost $1,014,600 when purchased on January 1, 2011. The equipment was soid for $287,470. une 1 Sold land for $2,705,600. The land cost $1,691,000 July1 Purchased equipment for $1,860,100. Dec. 31 Retired equipment that cost $1,183,700 when purchased on December 31, 2008. No salvage value was recelved. Prepare a tabular summary that includes the plant asset accounts and balances shown on the December 31, 2017, balance sheet.(tf a transaction causes a decrease in parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets, Labilities or Stockholders Equ Stockholders Equity Retained tE