At December 31, 2019, Kingbird Enterprises reported the following as plant assets. During 2020, the following selected cash transactions occurred. Record adjusting entries for depreciation for 2020. (Credit account titles are automatically indented Journalize the above transactions. The company uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 50 -year life and no residual value. The equipment is estimated to have a 10-year useful life and no residual value. Update depreciation on assets disposed of at the time of sale or retirement. (Credit account titles are automatically indented when amount is et Prepare the plant assets section of Kingbird's statement of financial position at December 31, 2020. (List Property, plant and equipment in order of land, buildings and equipment.)