at december 31, 2022, indigo corporation reported the following plant assets. land $5,358,000 buildings $26,710,000 less: accumulated depreciation-buildings 21,298,050 5,411,950 equipment 71,440,000 less: accumulated depreciation-equipment 8,930,000 62,510,000 total plant assets $73,279,950 during 2023, the following selected cash transactions occurred. apr. 1 purchased land for $3,929,200. may 1 june 1 sold equipment that cost $1,071,600 when purchased on january 1, 2016. the equipment was sold for $303,620. sold land for $2,857,600. the land cost $1,786,000. july 1 purchased equipment for $1,964,600. dec. 31 retired equipment that cost $1,250,200 when purchased on december 31, 2013. no salvage value was received.