2 of 3 < > Current Attempt in Progress At December 31, 2025, Blue Corporation reported the following plant assets. Land $4,548,000 Buildings $26,520,000 Less: Accumulated depreciation-buildings 11,934,000 14,586,000 Equipment 60,640,000 Less: Accumulated depreciation-equipment 7,580,000 53,060,000 Total plant assets $72,194,000 During 2026, the following selected cash transactions occurred. -/7 E Apr. 1 Purchased land for $3,335,200. May 1 June 1 Sold equipment that cost $909,600 when purchased on January 1, 2019. The equipment was sold for $257,720. Sold land for $2,425,600. The land cost $1,516,000. July 1 Purchased equipment for $1,667,600. Dec. 31 Retired equipment that cost $1,061,200 when purchased on December 31, 2016. No salvage value was received. MacBook Pro Journalize the transactions. (Hint: You may wish to set up T-accounts, post beginning balances, and then post 2026 transactions.) Blue uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 40-year useful life and no. salvage value; the equipment is estimated to have a 10-year useful life and no salvage value. Update depreciation on assets disposed of at the time of sale or retirement. (List all debit entries before credit entries. Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation I Debit Credit (To record depreciation on equipment sold) MacBook Pro ion 2 of 3 < > (To record sale of equipment) (To record depreciation on equipment retired) (To record disposal of equipment) eTextbook and Media MacBook Pro G Search or type URL -17 E +