A 32. At December 31, 2022, Martinez Company reported the following as plant assets. ( 43 Liad Buildings? Less: Accumulated depreciation-buildings Equipment Less: Acemantated depreciation-equipment Total plant assets During 2023, the following selected cash transactions occurred. 1-Apr Purclased land for $2,080,000. 1-May Sold equipenent that cost $1170000 ' when purchased on January 1. 2019. The equipmeat was sold for 5702,000 . 45 I-Jun Sold land purclased on June 1, 2013 for $1,430.000. The land cost 5409,000 . I-Jul Purchased equipment for $2,580,000. Dec, 31 Retired equipasent that cost $515,000 when jurchased on December 31, 2013. a Journalize the above transactions. The company uses straight-line depreciation for buildiags and equipment. The buildings are estimated to have a so-year life and no salvage value. The equipment is estimated to have a 10 -year useful life and no salvage value. Update depreciation ou assets disposed of at the time of sale or retirement. b Record adjusting entries for depreciation for 2023 . c Prepare the plant assets section of Martinez's balance sheet at December 31, 2023. 5 Sundland Company issued $586,500 of 8%,10-year boads ou Jaauary 1 , 2022, at face value. Interest is payable aanually on Jannasy 1, 2023, a Prepare the journal entry to record the issuance of the bonds. b Prepare the jourual entry to record the accrual of interest on December 31,2022 . c Prepare the joural entry to record the payment of interest on January 1, 2023. d Prepare the joumal entry to record the redenuption of bonds at uaturity, assuming interest for the last interes been paid and recorded