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Given Below Are Several Accounts and Balances from Carrier Corporation's

Question 39

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Given below are several accounts and balances from Carrier Corporation's 2016 financial statements.Prepare the Property, Plant, and Equipment section of the balance sheet and a partial income statement in the space provided below using the accounts provided.  Depreciation expense $59,800 Accumulated depreciation 257,400 Gain on sale of plant asset 19,500 Building 585,000 Land 120,000 Cash received from sale of plant asset 52,000\begin{array}{lr}\text { Depreciation expense } & \$ 59,800 \\\text { Accumulated depreciation } & 257,400 \\\text { Gain on sale of plant asset } & 19,500 \\\text { Building } & 585,000 \\\text { Land } & 120,000 \\\text { Cash received from sale of plant asset } & 52,000\end{array}

 BALANCE SHEET  INCOME STATEMENT \begin{array}{l}\text { BALANCE SHEET } &\text { INCOME STATEMENT }\\\hline\end{array} ​

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