all one part

At December 31, 2020. Splish Brothers Inc. reported the following as plant assets. During 2021, the following selected cash transactions occurred. April 1 Purchasedland for $2,150,000 May 1 Sold equipment that cost $870,000 when purchased on January 1, 2017. The equipment was sold for $522,000. June 1 Sold land purchased on June 1,2011 for $1,420,000. The land cost $399,000. July 1 Purchased equipment for $2,530,000. Dec: 31 Retired equipment that cost $511,000 when purchased on December 31,2011 . The company received no proceeds related to salvage. Journalize the above transactions, The company uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 50-year 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. (Credit occount titles are automatically indented when amount is entered. Do not indent manually. Record joumal entries in the order presented in the problem. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts.) Question 4 of 4 (To record depreciation) (To record sale of equipment) Question 4 of 4 (To record depreciation) (To record retirement of equipment) Record adjusting entries for depreciation for 2021. (Credit occount titles are outomatically indented when amount is entered. Do not indent manually. Record joumal entries in the order presented in the problem. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts) Prepare the plant assets section of Splish Brothers's balance sheet at December 31, 2021. (List Plant Assets in order of Land, Buildings and Equipment.) Question 4 of 4 eTextbook and Media List of Accounts