Do not give answer in image At December 31, 2025, Pina Corporation reported the following plant assets.LandBuildingsLess: Accumulated depreciation-buildingsEquipmentLess: Accumulated depreciation-equipmentTotal plant assetsDuring 2026, the following selected cash transactions occurred.Apr. 1 Purchased land for $2.994,200.May1June 1$26,620,00011,979,000 14,641,00054,440,0006,805,000$4,083,000July 1 Purchased equipment for $1,497,100.Sold equipment that cost $816,600 when purchased on January 1, 2019. The equipment was sold for $231,370.Sold land for $2,177,600. The land cost $1,361,000.3:147,635,000$66,359,000Dec. 31 Retired equipment that cost $952,700 when purchased on December 31, 2016. No salvage value was received.Prepare the plant assets section of Pina's balance sheet at December 31, 2026. (List Plant Assets in order of Land, Building, andEquipment.)PINA CORPORATIONPartial Balance Sheet

Property, plant, and equipment refers to those assets that are long-term in nature and are used by…

At December 31, 2025, Pina Corporation reported the following plant assets. Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation-equipment Total plant assets During 2026, the following selected cash transactions occurred. Apr. 1 Purchased land for $2,994,200. May June 1 $26,620,000 11,979,000 54,440,000 6,805,000 1 $4,083,000 14,641,000 47,635,000 $66,359,000 Sold equipment that cost $816,600 when purchased on January 1, 2019. The equipment was sold for $231,370 Sold land for $2,177,600. The land cost $1,361,000.

At December 31, 2025, Pina Corporation reported the following plant assets. Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation-equipment Total plant assets During 2026, the following selected cash transactions occurred. Apr. 1 Purchased land for $2,994,200. May June 1 $26,620,000 11,979,000 54,440,000 6,805,000 1 $4,083,000 14,641,000 47,635,000 $66,359,000 Sold equipment that cost $816,600 when purchased on January 1, 2019. The equipment was sold for $231,370 Sold land for $2,177,600. The land cost $1,361,000.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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