At December 31, 2020, Pina Colada Company reported the folewing as plant assets During 2021, the following selected cash trensactions occurred Purosased land for s2.140,000 Soid equipment that cost s930,000 when purchased on January 2017. The equipment was soid for $558,000 Soid land purchased on une 1, 201t for $,590,000. The lane cose 402,000 Retred equipment that cos $517,000 when purchased on December 31, 2031. The company recelved no proceecs nelated to enswer is correct ournaline the above transactions. The company sses srthe recation for b ldigs and equipment The Niangs esonated to have a 50 yeer life and no saage value. The equipment is estimated to assets disposed of at the time of sale or retirement. (Creavt account Indent manualy, Record journal entrles in the onder presented in the preblem if entry is required, select Ne Entry fer the By accessing this Question Assheance, you will learn while you ean Recordnt ng estres for depreciation for 2021. (Credit account in the erder presented in the probilemm. If a entry is required, select "No Entry for the account tities and enter 0 for the amounts.) At December 31, 2020, Pina Colada Company reported the folewing as plant assets During 2021, the following selected cash trensactions occurred Purosased land for s2.140,000 Soid equipment that cost s930,000 when purchased on January 2017. The equipment was soid for $558,000 Soid land purchased on une 1, 201t for $,590,000. The lane cose 402,000 Retred equipment that cos $517,000 when purchased on December 31, 2031. The company recelved no proceecs nelated to enswer is correct ournaline the above transactions. The company sses srthe recation for b ldigs and equipment The Niangs esonated to have a 50 yeer life and no saage value. The equipment is estimated to assets disposed of at the time of sale or retirement. (Creavt account Indent manualy, Record journal entrles in the onder presented in the preblem if entry is required, select Ne Entry fer the By accessing this Question Assheance, you will learn while you ean Recordnt ng estres for depreciation for 2021. (Credit account in the erder presented in the probilemm. If a entry is required, select "No Entry for the account tities and enter 0 for the amounts.)