At December 31, 2022, Avayai Corporation reported the following plant assets. Land $ 3,003,000 Buildings $26,510,000 Less: Accumulated depreciation-buildings 11,936.925 14.573,075 Equipment 40,040.000 Less: Accumulated depreciation-equipment 5,005,000 35.035,000 Total plant assets $52,611,075 During 2023, the following selected cash transactions occurred. Apr. 1 Purchased land for $2,202,200. May 1 Sold equipment that cost $600,600 when purchased on January 1, 2016. The equipment was sold for $170,170. June 1 Sold land for $1,601,600. The land cost $1,001,000. July 1 Purchased equipment for $1,101,100. Dec. 31 Retired equipment that cost $700.700 when purchased on December 3 1. 2013. No salvage value was received,Enter the 2023 transactions in the tabular summary from part (a). 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. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)Assets Cash + Land + Buildings Accum. Depr. - Bal. $3,003,000 $26,510,000 $(11 Apr. 1 S May 1 May 1 June 1 July 1 Dec. 31 Dec. 31Assets Liabilities Accum. Depr. - Bidgs. + Equipment Accum. Depr. - Equip. $(11,936.925) $40.040.000 $(5,005,000)\fStockholders' Equity Retained Earnings Revenue Expense Dividend S Amortization expense Research & development expense Loss on disposal Gain on disposal Depreciation expense