Ar December 31, 2020, Pina Colada Corp. reported the following as plant assets. $ 3.770,000 Buildings $27,290,000 Les Accumulated depreciation buildings 12,170,000 15,120,000 Equipment 48,020,00 Les Rocumulated depreciation equipment 4,550,000 43,470,000 Total plant assets $62, 360,000 During 2021, the following selected cash transactions occurred. April 1Purchased land for $2.190,000 May 1 Sold equipment that cost $900,000 when purchased on January 1, 2017. The equipment was sold for $540,000. June 1 Sold land land purchased on June 1, 2011 for $1,540,000. The land cost $394,000. July 1 Purchased equipment for $2,530,000. Dec. 31 Retired equipment that cost $499,000 when purchased on December 31, 2011. The company received no proceeds related to salvage. Joumalize 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 ife and no salvage value. Update depreciation on assets disposed at the time of sale or retirement Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit To record depreciation To record sale of content) To record degreco Ar December 31, 2020, Pina Colada Corp. reported the following as plant assets. $ 3.770,000 Buildings $27,290,000 Les Accumulated depreciation buildings 12,170,000 15,120,000 Equipment 48,020,00 Les Rocumulated depreciation equipment 4,550,000 43,470,000 Total plant assets $62, 360,000 During 2021, the following selected cash transactions occurred. April 1Purchased land for $2.190,000 May 1 Sold equipment that cost $900,000 when purchased on January 1, 2017. The equipment was sold for $540,000. June 1 Sold land land purchased on June 1, 2011 for $1,540,000. The land cost $394,000. July 1 Purchased equipment for $2,530,000. Dec. 31 Retired equipment that cost $499,000 when purchased on December 31, 2011. The company received no proceeds related to salvage. Joumalize 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 ife and no salvage value. Update depreciation on assets disposed at the time of sale or retirement Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit To record depreciation To record sale of content) To record degreco