At December 31, 2014, Navaro Corporation reported the following plant assets.

Land	$3,525,000
Buildings	$34,160,000
Less: Accumulated depreciationbuildings	14,011,875	20,148,125
Equipment	47,000,000
Less: Accumulated depreciationequipment	5,875,000	41,125,000
Total plant assets	$64,798,125

During 2015, the following selected cash transactions occurred.

Apr.	1	Purchased land for $2,585,000.
May	1	Sold equipment that cost $705,000when purchased on January 1, 2008. The equipment was sold for $199,750.
June	1	Sold land for $1,880,000. The land cost $1,175,000.
July	1	Purchased equipment for $1,292,500.
Dec.	31	Retired equipment that cost $822,500when purchased on December 31, 2005. No salvage value was received.

Journalize the transactions. Navaro uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a40-year useful life and no salvage value; the equipment is estimated to have a10-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.)

Date	Account Titles and Explanation	Debit	Credit
April 1May 1June 1July 1Dec. 31
April 1May 1June 1July 1Dec. 31
(To record depreciation on equipment sold)
April 1May 1June 1July 1Dec. 31
April 1May 1June 1July 1Dec. 31
April 1May 1June 1July 1Dec. 31
(To record depreciation on equipment retired)

SHOW LIST OF ACCOUNTS
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Record adjusting entries for depreciation for 2015.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date.	Account Titles and Explanation	Debit	Credit
Dec. 31
(To record depreciation on buildings.)
31