At December 31, 2022, Bridgeport Corporation reported the following plant assets. $ 5,673,000 Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation equipment Total plant assets 13,989,825 $26,540,000 22,550,175 75,640,000 9,455,000 66,185,000 $75,847,825 During 2023, the following selected cash transactions occurred. 1 1 Apr. May June July Dec. 1 Purchased land for $4,160,200. Sold equipment that cost $1,134,600 when purchased on January 1, 2016. The equipment was sold for $321.470 Sold land for $3,025,600. The land cost $1,891,000. Purchased equipment for $2,080,100. Retired equipment that cost $1,323,700 when purchased on December 31, 2013. No salvage value was received. 1 31 Record adjusting entries for depreciation for 2023. (Credit account titles are automatically indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 (To record depreciation on buildings.) Dec. 31 (To record depreciation on equipment.) Date Account Titles and Explanation Debit Credit April 1 Land 4160200 Cash 4160200 May 1