At December 31, 2017, Ayayai Corporation reported the following plant assets. 5,238,000 Land Buildings Less: Accumulated depreciation- buildings Equipment Less: Accumulated depreciation equipment Total plant assets $26,730,000 20,821,050 69,840,000 5,908,9so 8,730,000 61,110,000 $72,256,950 During 2018, the following selected cash transactions occurred Apr. Purchased land for $3,841,200 May 1Sold equipment that cost $1,047,600 when purchased on January 1, 2011. The equipment was sold for $296,820 June 1 Sold land for $2,793,600. The land cost $1,746,000. July Purchased equipment for $1,920,600 Dec. 31 Retired equipment that cost $1,222,200 when purchased on December 31, 2008. No salvage value was received (a) Your answer is partially correct. Try again. ournalize the transactions. Ayayai 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. If no entry is required, select "No Entry"for the account titles and enter 0 for the amounts