At December 31, 2022, Riverbed Corporation reported the following plant assets. Land $ 5,613,000 Buildings $26,640,000 Less: Accumulated depreciation-buildings 22,311,675 4,328,325 Equipment 74,840,000 Less: Accumulated depreciation equipment 9,355,000 65,485,000 Total plant assets $75,426,325 During 2023, the following selected cash transactions occurred. Apr. 1 Purchased land for $4,116,200. May 1 Sold equipment that cost $1,122,600 when purchased on January 1, 2016. The equipment was sold for $318,070. June 1 Sold land for $2,993,600. The land cost $1,871,000. July 1 Purchased equipment for $2,058,100. Dec. 31 Retired equipment that cost $1,309,700 when purchased on December 31, 2013. No salvage value was received. Journalize the transactions. Riverbed 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. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit April 1 4 4116200 4116200 May 14 1122600 1122600 (To record depreciation on equipment sold) June July 1 , 2,058,100 2,058,100 Dec. 314 1,309,700 1,309,700 (To record depreciation on equipment retired) 1,309,700 1,309,700