Given Below Are Several Accounts and Balances A)Prepare the Property Plant and Equipment Section of the Balance

Given below are several accounts and balances:
$$\begin{array} { l r r } & \underline{ \text { Year 2 } }& \underline{\text { Year 1 }}\\\text { Accumulated depreciation } & \$ 278,125 & \$ 258,750 \\\text { Gain on disposal of plant assets } &28,125 \\\text { Equipment (Equipment with book value of } \$ 36,875 \text { was sold) } & 893,750 & 993,750 \\\text { Land } &250,000 & 250,000\\\text { Cash received from sale of plant asset } &65,000 \\\end{array}$$
A)Prepare the property plant and equipment section of the balance sheet at December 31,
Year 2 in the space provided below.
$$\begin{array} { | c | } \hline \text { Balance Sheet } \\\hline\\\\\\\\\\\\\hline\end{array}$$
B)By how much will net income increase or decrease during Year 2 as a result of the above information?