Enblast Productions showed the following selected asset balances on December 31, 2014:
Land ................................................................................................................... $396,800
Building................................................................................................................. 526,400
Accumulated depreciation, building1 .................................................................. 393,600
Equipment ............................................................................................................. 171,200
Accumulated depreciation, equipment2................................................................. 74,400
1 Remaining estimated useful life is eight years with a residual value of $80,000; depreciated using the straight-line method to the nearest whole month.
2 Total estimated useful lives is 10 years with a residual value of $16,000; depreciated using the double-declining-balance method to the nearest whole month.

Required
Prepare the entries for each of the following (round final calculations to the nearest whole dollar).
1. The land and building were sold on September 27, 2015, for $592,000 cash.
2. The equipment was sold on November 2, 2015, for $56,800 cash.