At December 31, 2017. Concord Corporation reported the following plant assets. $ 4,068,000 10.509,700 Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation-equipment Total plant assets $26,680,000 16,170,300 54,240,000 6,780,000 47.460,000 $62,037.700 During 2018, the following selected cash transactions occurred. 1 1 Apr. May June July Dec. 1 1 31 Purchased land for $2.983.200. Sold equipment that cost $813,600 when purchased on January 1, 2011. The equipment was sold for $230,520. Sold land for $2.169.600. The land cost $1.356,000. Purchased equipment for $1.491,600. Retired equipment that cost $949.200 when purchased on December 31, 2008. No salvage value was received. Journalize the transactions. Concord 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 for the amounts.) Date Account Titles and Explanation Debit Credit (To record depreciation on equipment sold) Record adjusting entries for depreciation for 2018. (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 for the amounts.) Debit Credit Date Account Titles and Explanation Dec. 31 (To record depreciation on buildings.) Dec. 31 (To record depreciation on equipment.) CONCORD CORPORATION Partial Balance Sheet $