Problem 9-2A (Part Level Submission) At December 31, 2017, Flint Corporation reported the following plant assets. $ 4,068,000 $26,700,000 16,170,300 10,529,700 Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation equipment Total plant assets 54,240,000 6,780,000 47,460,000 $62,057,700 During 2018, the following selected cash transactions occurred. Apr. i Purchased land for $2,983,200. May 1 Sold equipment that cost $813,600 when purchased on January 1, 2011. The equipment was sold for $230,520. June 1 Sold land for $2,169,600. The land cost $1,356,000. July 1 Purchased equipment for $1,491,600. Dec. 31 Retired equipment that cost $949,200 when purchased on December 31, 2008. No salvage value was received. Problem 9-2A (Part Level Submission) At December 31, 2017, Flint Corporation reported the following plant assets. $ 4,068,000 $26,700,000 16,170,300 10,529,700 Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation equipment Total plant assets 54,240,000 6,780,000 47,460,000 $62,057,700 During 2018, the following selected cash transactions occurred. Apr. i Purchased land for $2,983,200. May 1 Sold equipment that cost $813,600 when purchased on January 1, 2011. The equipment was sold for $230,520. June 1 Sold land for $2,169,600. The land cost $1,356,000. July 1 Purchased equipment for $1,491,600. Dec. 31 Retired equipment that cost $949,200 when purchased on December 31, 2008. No salvage value was received