4. Excerpts from Honeywell's financial statements (for the year ended December 31, 2022) are listed on the following pages. Use the information presented by Honeywell to prepare a summary journal entry of for the firm's disposals for the year ended December 31, 2022 relating to property, plant and equipment. Assume Honeywell made no non-cash investing transactions relating to property, plant and equipment. Also assume Honeywell made no impairments relating to property, plant and equipment. ( 2 points) HONEYWELL INTERNATIONAL. INC. CONSOLIDATED BALANCE SHEET \begin{tabular}{|c|c|c|c|} \hline & \multicolumn{3}{|c|}{ December 31, } \\ \hline & & 022 & 2021 \\ \hline & \multicolumn{3}{|c|}{ (Dotlars in millions) } \\ \hline & & & \\ \hline & & & \\ \hline & & 403 & 564 \\ \hline dillowances of $326 and $177, respectively & & 7,440 & 6,830 \\ \hline Other current assets & & 5,538 & 5,138 \\ \hline Total current assets & & 1,894 & 1,831 \\ \hline Investments and long-term receivables & & 24,982 & 25,372 \\ \hline Property, plant and equipment-net & & 945 & 1,222 \\ \hline Goodwill & & 5,471 & 5,562 \\ \hline Other intangible assets-net & & 17,497 & 17,756 \\ \hline Insurance recoveries for asbestos-related liabilities & & 3,222 & 3,613 \\ \hline Deferred income taxes & & 224 & 322 \\ \hline Other assets & & 421 & 489 \\ \hline Total assets & & 9,513 & 10,134 \\ \hline & s & 62,275 & \$ 64,470 \\ \hline \end{tabular} NOTE 7. PROPERTY, PLANT AND EQUIPMENT-NET December 31, \begin{tabular}{|c|c|c|c|c|} \hline \multirow[b]{3}{*}{ Land and improvements } & \multicolumn{4}{|c|}{ December 31, } \\ \hline & \multicolumn{2}{|c|}{2022} & \multicolumn{2}{|c|}{2021} \\ \hline & s & 216 & s & 226 \\ \hline Machinery and equipment & & 10,383 & & 10,143 \\ \hline Buildings and improvements & & 3,394 & & 3,225 \\ \hline \multirow[t]{2}{*}{ Construction in progress } & & 769 & & 856 \\ \hline & & 14,762 & & 14,450 \\ \hline \multirow[t]{2}{*}{ Less_Accumulated depreciation } & & (9,291) & & (8,888) \\ \hline & s & 5,471 & $ & 5,562 \\ \hline \end{tabular} Depreciation expense was \$657 million, \$674 million, and \$644 million for the years ended December 31, 2022, 2021, and 2020, respectively. HONEYWELL INTERNATIONAL INC. CONSOLIDATED STATEMENT OF CASH FLOWS