As at December 31, 2021, Greens Company reported the following as plant assets: Land Buildings $1,500,000 $13,250,000 Less: Accumulated depreciation - buildings 6,050,000 7,200,000 Equipment 20,000,000 Less: Accumulated depreciation-equipment Total plant assets 2,500,000 17,500,000 $26,200,000 Greens Company uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 50-year useful life and no salvage value. The equipment is estimated to have a 10-year useful life and no salvage value. During the year ended December 31, 2022, the following selected transactions occurred: April 1 Purchased land for $1,100,000 cash. May 1 Sold equipment that cost $300,000 when purchased on December 31, 2017. The equipment was sold for $180,000 cash. June 1 July 1 Dec. 31 Sold land purchased on June 1, 2017 for $900,000 cash. The land cost $300,000. Purchased equipment for $400,000 cash. Retired equipment that cost $250,000 when purchased on December 31, 2012. No salvage value was received. Required: (a) Prepare the journal entries for Greens Company to record the above transactions. Update depreciation on assets disposed of at the time of sale or retirement. (9 marks) (b) Prepare the adjusting journal entries for depreciation on i) buildings and ii) equipment for Greens Company for the year ended December 31, 2022. (6 marks) On May 31, 2022, Greens Company acquired a copyright for $600,000. The copyright is expected to have a useful life of 10 years, with no salvage value. Required: (c) Prepare the adjusting journal entry for Greens Company to record the amortization expenses for the copyright for the year ended December 31, 2022. (2 marks)