Webb Industries reported the following information concerning the company's property, plant, and equipment in its 2012 financial report:

Listed here are four independent cases involving buildings, equipment, and land during 2012.1. The company purchased a building for $60,0002. The company sold equipment in December 2012 that was purchased for $50,000. It recorded a gain of $5,000 on the sale.3. The company sold a piece of a land for $300,000 at a gain of $75,000.4. The company acquired a building in exchange for land. The land had a book value of $150,000 and a market value of $600,000.Required(a) For each case, explain the change from 2011 to 2012 in the affected building, equipment, and land accounts. (For example, in case [1] explain the change in the building account, the related accumulated depreciation account, and the balances in the related depreciation expense account.)(b) For each case, compute the effect on the cash balance, and indicate the appropriate disclosure on the statement of cashflows.

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2012 2011 Buildings Accumulated depreciation Equipment Accumulated depreciation S 750,000 (100,000) 500,000 (75,000) (80,000) (85,000) 250,000 25,000 Land Depreciation expense buildings 40,000 15,000 Depreciation expense equipment 12,000