At December 31, 2022, Marigold Company reported the following as plant assets. Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation-equipment Total plant assets April 1 May 1 June 1 July 1 $28,180,000 During 2023, the following selected cash transactions occurred. Dec. 31 12,910,000 47,210,000 5,440,000 $4,260,000 15,270,000 41,770,000 $61,300,000 Purchased land for $2,140,000. Sold equipment that cost $630,000 when purchased on January 1, 2019. The equipment was sold for $378,000. Sold land purchased on June 1, 2013 for $1,490,000. The land cost $409,000. Purchased equipment for $2,480,000. Retired equipment that cost $501,000 when purchased on December 31, 2013.

At December 31, 2022, Marigold Company reported the following as plant assets. During 2023, the following selected cash transactions occucred. April 1 Purchasedland for $2,140,000. May 1 Sold equipment that cost $630,000 when purchased on January 1, 2019. The equipment was sold for $378,000 June 1 Sold land purchased on June 1,2013 for $1,490,000. The land cost $409,000. July 1 Purchased equipment for $2,480,000. Dec. 31 Retired equipment that cost $501,000 when purchased on December 31,2013. Journalize the above transactions. The compamy usesstraght-tine depceciation for buildings and equipment The bulfdings are estimated to have a 50 -year life and no salvage value. The equipment is estimated to have a 10-year useful ufe and no salvage value. Hpdate depreciation on assets disposed of at the time of sale or retirement. (List all debit entries before credit entries. Credit account titles are Recordadjusting entries for depreciation for 2023. (List all debit entries before credit entries. Credit account titles are automaticolly 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 O for the amounts.) Prepare the plant assets sectionor Marieold s balance she et at December 31.2023. (4.ist 9lant Asvets In order of Land, Hulidings and Eawipment.) Marigold Company Balance sluect (Partial)