At December 31, 2022, Bramble Corporation reported the following plant assets. Land $3,753,000 Buildings $26,750,000 Less: Accumulated depreciation-buildings 14,918,175 11,831,825 Equipment 50,040,000 Less: Accumulated depreciation equipment 6,255,000 43,785,000 Total plant assets $59,369,825 During 2023, the following selected cash transactions occurred. Apr. 1 Purchased land for $2,752,200. May 1 Sold equipment that cost $750,600 when purchased on January 1, 2016. The equipment was sold for $212,670. June 1 Sold land for $2,001,600. The land cost $1,251,000. July 1 Purchased equipment for $1,376,100. Dec. 31 Retired equipment that cost $875,700 when purchased on December 31, 2013. No salvage value was received. Date Account Titles and Explanation Debit Credit April 1 - Land 2,752,200 Cash 2,752,200 May 1 - Depreciation Expense Accumulated Depreciation-Equipment (To record depreciation on equipment sold) Cash Accumulated Depreciation-Equipment Equipment Gain on Disposal of Land June 1 Cash Land Gain on Disposal of Land July 1 Equipment Cash Dec. 31 Depreciation Expense Accumulated Depreciation-Equipment (To record depreciation on equipment retired) Accumulated Depreciation-Buildings Equipment At December 31, 2022, Bramble Corporation reported the following plant assets. Land $3,753,000 Buildings $26,750,000 Less: Accumulated depreciation-buildings 14,918,175 11,831,825 Equipment 50,040,000 Less: Accumulated depreciation equipment 6,255,000 43,785,000 Total plant assets $59,369,825 During 2023, the following selected cash transactions occurred. Apr. 1 Purchased land for $2,752,200. May 1 Sold equipment that cost $750,600 when purchased on January 1, 2016. The equipment was sold for $212,670. June 1 Sold land for $2,001,600. The land cost $1,251,000. July 1 Purchased equipment for $1,376,100. Dec. 31 Retired equipment that cost $875,700 when purchased on December 31, 2013. No salvage value was received. Date Account Titles and Explanation Debit Credit April 1 - Land 2,752,200 Cash 2,752,200 May 1 - Depreciation Expense Accumulated Depreciation-Equipment (To record depreciation on equipment sold) Cash Accumulated Depreciation-Equipment Equipment Gain on Disposal of Land June 1 Cash Land Gain on Disposal of Land July 1 Equipment Cash Dec. 31 Depreciation Expense Accumulated Depreciation-Equipment (To record depreciation on equipment retired) Accumulated Depreciation-Buildings Equipment