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*Prepare the plant assets section of Amphonie's balance sheet at December 31, 2021 using the information below.
At December 31, 2020, Amphonie Company reported the following as plant assets.
| Land | | | | $ 3,980,000 |
| Buildings | | $28,210,000 | | |
| Less: Accumulated depreciationbuildings | | 13,200,000 | | 15,010,000 |
| Equipment | | 48,670,000 | | |
| Less: Accumulated depreciationequipment | | 4,980,000 | | 43,690,000 |
| Total plant assets | | | | $62,680,000 |
During 2021, the following selected cash transactions occurred.
| April 1 | | Purchased land for $2,200,000. |
| May 1 | | Sold equipment that cost $840,000 when purchased on January 1, 2017. The equipment was sold for $504,000. |
| June 1 | | Sold land purchased on June 1, 2011 for $1,450,000. The land cost $399,000. |
| July 1 | | Purchased equipment for $2,480,000. |
| Dec. 31 | | Retired equipment that cost $491,000 when purchased on December 31, 2011. The company received no proceeds related to salvage. |
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