3 Endblast Productions showed the following selected asset balances on December 31, 2020 Land 397 620 Building 525 580 7 Accumulated depreciation building 393 600 Equipment 172.020 9 Accumulated depreciation equipment 74 400 10 The remaining see of the building is XX years with a residual value of $XXX; depreciated 11 using the straight-line method to the nearest whole month, Remaining useful life 12 Residual value 1 The total estimated useful life of the equipment is XX years with a residual value of SXXX Total estimated useful life 14 depreciated using the double-declining balance method to the nearest whole month, 15 Residual value 16 12. The Land and building were sold on Month 27, 2021. for $XXX cash Date of sale Selling price The equipment was sold on Month 2.2021, for 5XXX cash Month of sale Selling price 22 REQUIRED 8 years 80.000 10 16.000 9 9/27/2021 592,820 10 10/02/2021 55,980 EQUIPMENT EQUIPMENT Account Titles Date Debat Credit 22 REQUIRED: 1. Calculate depreciation from January 1 to the date of disposal for both assets being sold 14 BUILDING 25 2. Prepare the journal entry to record depreciation for 2021 for both assets being sold 22 BUILDING Date Account Titles Debit Credit 29 30 31 32 12 3. Calculate the carrying amount of each asset being sold: 15 Land 36 Building Equipment 38 39 4. Record the two disposal transactions LAND AND BUILDING 41 Date Account Titles Debit Credit ALL AMOUNTS IN THE GREEN BONES MUST BE CELL RETENCED FROM THE DATA ABOVE. ACCOUNT TITLES CAN BE TYPED EQUIPMENT Account Titles Date Debit Credit 4 . 4 47