At December 31, 2022, Pronghorn Corporation reported the following plant assets.

Land $3,498,000
Buildings $26,630,000
Less: Accumulated depreciation—buildings 13,904,550 12,725,450
Equipment 46,640,000
Less: Accumulated depreciation—equipment 5,830,000 40,810,000
Total plant assets $57,033,450

During 2023, the following selected cash transactions occurred.

Apr. 1 Purchased land for $2,565,200.
May 1 Sold equipment that cost $699,600 when purchased on January 1, 2016. The equipment was sold for $198,220.
June 1 Sold land for $1,865,600. The land cost $1,166,000.
July 1 Purchased equipment for $1,282,600.
Dec. 31 Retired equipment that cost $816,200 when purchased on December 31, 2013. No salvage value was received.

Required:
Prepare the plant assets section of Pronghorn's balance sheet at December 31, 2023. (Hint: You may wish to set up T accounts, post beginning balances, and then post 2023 transactions.) (List Plant Assets in order of Land, Building and Equipment)

Answer and Explanation:

The preparation of the plant assets is shown below:-

                                    Plant Assets

                               Partial Balance Sheet

                                 December 31, 2013

Land                                                                        $4,897,200

Buildings                                         $26,630,000  

Less : Accumulated Depreciation $13,904,550   $12,725,450

Equipment                                                               $46,406,800  

Less : Accumulated Depreciation  $9,182,250     $37,224,550

Total Plant Assets                                                    $54,847,200

Note:- Here, Building Details for 2023 are not provided, it will be included in the accumulated depreciation above if available

ans.

heterothermic organisms include those organisms that can switch between homeothermic (having body temperature higher than environment) and poikilothermic (having variation in internal body temperature) strategies.

some migratory birds show heterothermy as they decrease their metabolic rate during cold nights to keep their body temperature low. drop in metabolic rate allows increase in production efficiency of birds that reduces the internal body temperature to make it equal to external cold temperature during cold nights.

thus, the correct answer is 'birds allow their temperature drop in order to increase their production efficiency.'

answer; operating revenues;