At December 31, 2022, Pronghorn Corporation reported the following plant assets. Land $ 3,498,000 Buildings $26,630,000 Less: Accumulated depreciation-buildings 13,904,550 12,725,450 Equipment 46,640,000 Less: Accumulated depreciation-equipment 5,830,000 40,810,000 Total plant assets $57,033,450 During 2023, the following selected cash transactions occurred. Apr. 1 Purchased land for $2,565,200. May 1 Sold equipment that cost $699,600 when purchased on January 1, 2016. The equipment was sold for $198,220. June 1 Sold land for $1,865,600. The land cost $1,166,000. July 1 Purchased equipment for $1,282,600. Dec. Retired equipment that cost $816,200 when purchased on December 31, 2013. No salvage value was received. 31 Enter the 2023 transactions in the tabular summary from part (a). Pronghorn uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 40-year useful 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 sale or retirement. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Cash Land Buildings Bal. $3.498,000 $26,630,000 Apr. 1 -2,565,200 2,565,200 May 1 198,220 May 1 June 1 1,865,600 -1,166,000 July 1 -1,282,600 Dec. 31 Dec. 31 -1783980 4,897,200 26,630,000 Accum. Depr. - Bldgs. Equipment Accum. Depr. - Equip. $(13,904,550) $46,640,000 $(5,830,000) -699,600 1,282,600 -13,904,550 46,406,800 -4,197,600 Liabilities Common Stock Revenue $ $ 110,770 699,600 204,050 58,047,870 %24 Stockholders' Equity Expense Dividend i i $ i %24