At December 31, 2022, Bridgeport Company reported the following as plant assets. Land $ 4,360,000 Buildings $28.130.000 Less: Accumulated depreciation-buildings 12,490,000 15,640,000 Equipment 48,640,000 Less: Accumulated depreciation-equipment 5,290,000 43.350.000 Total plant assets $63,350,000 During 2023, the following selected cash transactions occurred. April 1 Purchased land for $2.050.000. May 1 Sold equipment that cost $1,020,000 when purchased on January 1, 2019. The equipment was sold for $612,000. June 1 Sold land purchased on June 1, 2013 for $1,560,000. The land cost $403,000. July 1 Purchased equipment for $2,580,000. Dec. 31 Retired equipment that cost $490,000 when purchased on December 31, 2013. Date Account Titles and Explanation Debit Credit Apr. 1 Land 2050000 Cash 2051 May 1