At December 31, 2020, Gopal Company reported the following as plant assets. Land 4,000,000 Buildings 28,500,000 Less: Accumulated depreciation - 12,100,000 16,400,000 buildings Equipment 48,000,000 Less: Accumulated depreciation - 5,000,000 43,000,000 equipment Total plant assets 63,400,000 During 2021, the following selected cash transactions occurred. April 1 May 1 June 1 July 1 Dec. 31 (a) Purchased land for $2,130,000. Sold equipment that cost $750,000 when purchased on January 1, 2017. The equipment was sold for $450,000 Sold land purchased on June 1, 2011, for $1,500,000. The land cost $400,000. Purchased equipment for $2,500,000. Retired equipment that cost $500,000 when purchased on December 31, 2011. No salvage value was received. Record adjusting entries for depreciation for 2021