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At December 31, 2022, Metlock, Inc. reported the following plant assets. Land $ 3,560,000 Buildings $29,120,000 Less: Accumulated depreciationbuildings 13,104,000 16,016,000 Equipment 47,320,000 Less: Accumulated
At December 31, 2022, Metlock, Inc. reported the following plant assets. Land $ 3,560,000 Buildings $29,120,000 Less: Accumulated depreciationbuildings 13,104,000 16,016,000 Equipment 47,320,000 Less: Accumulated depreciationequipment 5,915,000 41,405,000 Total plant assets $60,981,000 During 2023, the following selected cash transactions occurred. April 1 Purchased land for $2,190,000. May 1 Sold equipment that cost $1,080,000 when purchased on January 1, 2016. The equipment was sold for $324,000. June 1 Sold land for $1,510,000. The land cost $995,000. July 1 Purchased equipment for $1,095,000. Dec. 31 Retired equipment that cost $673,000 when purchased on December 31, 2013. No salvage value was received. Journalize the transactions. (Hint: You may wish
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