The plant asset and accumulated depreciation accounts of Pell Corporation had the following balances at December 31, 2012:

Plant Asset Accumulated Depreciation
Land $430,000 $0
Land improvements 220,000 53,000
Building 1,900,000 358,000
Machinery and equipment 1,174,000 413,000
Automobiles 190,000 120,000

Transactions during 2013 were as follows:
a. On January 2, 2013, machinery and equipment were purchased at a total invoice cost of $300,000 which included a $6,300 charge for freight. Installation costs of $35,000 were incurred.
b. On March 31, 2013, a machine purchased for $66,000 in 2009 was sold for $44,500. Depreciation recorded through the date of sale totaled $25,850.
c. On May 1, 2013, expenditures of $58,000 were made to repave parking lots at Pell's plant location. The work was necessitated by damage caused by severe winter weather.
d. On November 1, 2013, Pell acquired a tract of land with an existing building in exchange for 10,000 shares of Pell's common stock that had a market price of $36 per share. Pell paid legal fees and title insurance totaling $31,000. Shortly after acquisition, the building was razed at a cost of $43,000 in anticipation of new building construction in 2014.
e. On December 31, 2013, Pell purchased a new automobile for $16,050 cash and trade-in of an old automobile purchased for $22,000 in 2009. Depreciation on the old automobile recorded through December 31, 2013, totaled $14,300. The fair market value of the old automobile was $4,550.

Required:
1. Prepare a schedule analyzing the changes in each of the plant assets during 2013.