At December 31, 2022, Flounder Company reported the following as plant assets. During 2023, the following selected cash transactions occurred. April 1 Purchased land for $2,170,000 May 1 Sold equipment that cost $1,080,000 when purchased on January 1.2019. The equipment was sold tor 5648,000 . June 1 Sold land purchased on June 1,2013 for $1,410,000. The iand cost $402.000 July 1 Purchased equipment for $2,370,000 Dec. 31 Retired equipment that cost $503,000 when purchased on December 31,2013. Journalize the above transactions. The compary uses straight-line depreciation for buildings and equipment. The bulidings are estimated to have a 50-year 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 salc or retirement. (List all debit entries before credlt entries. Credit account tibles 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 occount titles and enter Ofor the amounts) Record adjusting entries for depreciation for 2023. flist ali debit entries before credit entries. Credit account tides are automatically indented when amount is entered. Do not indent manually. Record journol entries in the order presented in the problem. If no entry is required, select "No Entry" for the occount tithes and enter O for the amounts) Prepare the plant assets section of Flounder's balance shect at Docember 31, 2023. PLst Plant Assets in order of Land, Bulldirgs and Equlpment.)