At December 31, 2022, Grouper Company reported the following as plant assets. Land $4,360,000 Buildings $29,770,000 Less: Accumulated depreciation-buildings Equipment 12,500,000 17,270,000 47,890,000 Less: Accumulated depreciation-equipment 4,870,000 43,020,000 Total plant assets $64,650,000 During 2023, the following selected cash transactions occurred. April 1 Purchased land for $2,030,000. May 1 June 1 July 1 Dec. 31 Sold equipment that cost $1,110,000 when purchased on January 1, 2019. The equipment was sold for $666,000. Sold land purchased on June 1, 2013 for $1,490,000. The land cost $391,000. Purchased equipment for $2,580,000. Retired equipment that cost $489,000 when purchased on December 31, 2013. Date Account Titles and Explanation Debit Apr. 1 Land May 1 Cash Depreciation Expense Accumulated Depreciation-Equipment (To record depreciation) May 1 Cash Accumulated Depreciation-Equipment Equipment Gain on Disposal of Plant Assets (To record sale of equipment) June 1 Cash Land 2030000 37000 666000 483100 1490000 Credit 2030000 37000 1110000 39100 391000