At December 31 , 2012, Rivera Corporation reported the following plant assets. During 2013, the following selected cash transactions occurred. Apr. 1 Purchased land for $3,198,800. May 1 Sold equipment that cost $872,400 when purchased on January 1, 2006. The equipment was sold for $247,180. June 1 Sold land for $2,326,400. The land cost $1,454,000. July 1 Purchased equipment for $1,599,400. Dec. 31 Retired equipment that cost $1,017,800 when purchased on December 31, 2003. No salvage value was received. Journalize the transactions. Rivera uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 40 -year useful 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. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.)