-15 I! At December 31, 2022, Sarasota Company reported the following as plant assets. Land $3,640,000 $28,180,000 Buildings Less: Accumulated depreciation-buildings 11,820,000 16,360,000 48,740.000 Equipment Less: Accumulated depreciation-equipment Total plant assets 4,780,000 43,960,000 $63.960,000 During 2023, the following selected cash transactions occurred, April 1 May 1 June 1 Purchased land for $2,170,000 Sold equipment that cost $750,000 when purchased on January 1, 2019. The equipment was sold for $450,000 Sold land purchased on June 1, 2013 for $1,510,000. The land cost $393.000. Purchased equipment for $2.510,000, Retired equipment that cost $498,000 when purchased on December 31, 2013 July 1 Dec. 31 (a) Jourhalize the above transactions. The com estreightline depreciation for bundings and ment. The rested to have a sovere and no savage value. The womenti estimated to have a 10-year wife and nowwageValue Update daration on down of the time of errorement (Crowane do when amount is entered. Det indentally contri in the ordered in the proteine entry was por esto try for the new and enter for the amount) Date ATE Ded AD1 176 record May 1 (To record depreciation) (To record retirement of equipment) Prepare the plant assets section of Sarasotas balance sheets December 31, 2021. (ust Plant Arts in order of Land, Buildings and topment.) Sarasota Company Balance Sheet (Partial)