At december 31, 2022, monty corporation reported the following plant assets. land $ 4,683,000 buildings $26,600,000 less: accumulated depreciation—buildings 18,614,925 7,985,075 equipment 62,440,000 less: accumulated depreciation—equipment 7,805,000 54,635,000 total plant assets $67,303,075 during 2023, the following selected cash transactions occurred. apr. 1 purchased land for $3,434,200. may 1 sold equipment that cost $936,600 when purchased on january 1, 2016. the equipment was sold for $265,370. june 1 sold land for $2,497,600. the land cost $1,561,000. july 1 purchased equipment for $1,717,100. dec. 31 retired equipment that cost $1,092,700 when purchased on december 31, 2013. no salvage value was received.