At December 31, 2022. Flint Company reported the following as plant assets. Land $ 3,770,000 Buildings $ 27.290,000 Less: Accumulated depreciation-buildings 12,170,000 15,120.000 Equipment 48,020,000 Less: Accumulated depreciation equipment 4,550,000 43,470.000 Total plant assets $ 62,360.000 During 2023. the following selected cash transactions occurred. April 1 Purchased land for $2.190.000 May 1 Sold equipment that cost $ 900,000 when purchased on January 1, 2019. The equipment was sold for 3 540.000 June 1 Soidland purchased on June 1, 2013 for $1.540,000. The land cost $394.000 July 1 Purchased equipment for $2.530 000 Dec 31 Retired equipment that cost $491 000 when purchased on December 31, 2013 of 12 he above transactions. The company uses straight-line depreciation for buildings and equipment. The b o have a 50-year life and no salvage value. The equipment is estimated to have a 10-year useful life and te depreciation on assets disposed of at the time of sale or retirement. (List all debit entries before credite es are automatically indented when amount is entered. Do not indent manually. Record journal entries in the ord If no entry is required, select "No Entry"for the account titles and enter for the amounts.) Account Titles and Explanation Debit Cre Land 2190000 Cash Depreciation Expense Accumulated Depreciation Equipment (To record depreciation) y 1 Cash Accumulated Depreciation Equipment Equipment Gain on Disposal of Plant Assets (To record sale of equipment) Cash 1540000 Land Gain on Disposal of Plant Assets Equipment 2530000 Cash 25 Depreciation Expense Accumulated Depreciation Equipment (To record depreciation) Accumulated Depreciation Equipment Record adjusting entries for depreciation for 2023. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. 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 V Depreciation Expense Accumulated Depreciation-Buildings (To record building depreciation) Dec 31 Depreciation Expense Accumulated Depreciation-Equipment (To record equipment deprecition) e Textbook and Media Flint Company Balance Sheet (Partial) December 31, 2023 Property Plant and Equipment V Land $ Buildings $ Less V : Accumulated Depreciation-Buildings Equipment Less Accumulated Depreciation-Equipment Total Property Plant and Equipment