At December 31, 2022, Sarasota Corporation reported the following plant assets. $ 5,898,000 3,205,450 Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation-equipment Total plant assets $26,650,000 23,444,550 78,640,000 9.830,000 68,810,000 $77,913,450 During 2023, the following selected cash transactions occurred. Apr. May June July Dec. 1 Purchased land for $4,325,200. 1 Sold equipment that cost $1,179,600 when purchased on January 1, 2016. The equipment was sold for $334,220. 1 Sold land for $3,145,600. The land cost $1,966,000. Purchased equipment for $2,162,600. Retired equipment that cost $1,376,200 when purchased on December 31, 2013. No salvage value was received. 1 31 (b) Enter the 2023 transactions in the tabular summary from part (a). Sarasota 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 $5,898,000 4,325,200 Buildings $26,650,000 Accum. De $ Bal. $ Apr. 1 $ (4,325,200) May 1 334,220 May 1 June 1 July 1 Dec. 31 Dec. 31 (b) Enter the 2023 transactions in the tabular summary from part (a). Sarasota 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.) ts Liabilities + Accum. Depr.- Bldgs. $(23,444,550) Equipment $78,640,000 Accum. Depr. - Equip. $19.830,000) $ $ 1,179,600 (b) Enter the 2023 transactions in the tabular summary from part (a). Sarasota 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.) Stockholders' Equity Retained Earnings Expense enue Dividend $ $ Amortization expense Depreciation expense Gain on disposal Loss on disposal Research & development expense