At December 31, 2022, Pronghorn Company reported the following as plant assets. During 2023 , the following selected cash transactions occurred. April 1 Purchased land for $2,000,000. May 1 Sold equipment that cost $840,000 when purchased on January 1, 2019. The equipment was sold for $504,000. June 1 Sold land purchased on June 1, 2013 for $1,430,000. The land cost $393,000. July 1 Purchased equipment for $2,440,000. Dec. 31 Retired equipment that cost $480,000 when purchased on December 31, 2013. 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 0 for the amounts.) At December 31, 2022, Pronghorn Company reported the following as plant assets. During 2023 , the following selected cash transactions occurred. April 1 Purchased land for $2,000,000. May 1 Sold equipment that cost $840,000 when purchased on January 1, 2019. The equipment was sold for $504,000. June 1 Sold land purchased on June 1, 2013 for $1,430,000. The land cost $393,000. July 1 Purchased equipment for $2,440,000. Dec. 31 Retired equipment that cost $480,000 when purchased on December 31, 2013. 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 0 for the amounts.)