At December 31, 2022, Sheridan Company reported the following plant assets. During 2023, the following selected cash transactions occurred. Apr. 1 Purchased land for $2,000,000. May 1 Sold equipment that cost $840,000 when purchased on January 1, 2016. The equipment was sold for $252.000. June 1 Sold land for $1,430,000. The land cost$993,000. July 1 Purchased equipment for $1,093,000. Dec.31 Retired equipment that cost $680,000 when purchased on December 31, 2013. No salvage value was received. post 2023 transactions.) Sheridan 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. (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 amnunte 1 (To record sale of equipment) June 1 Cash Land Gain on Disposal of Plant Assets July 1 Equipment Dec, 31 Depreciation Expense Accumulated Depreciation-Equipment. (To record depreciation) Dec. 31 Accumulated Depreciation-Equipment Equipment (To record retirement of equipment) eTextbook and Media List of Accounts Attempts: 2 of 3 used Record adjusting entries for depreciation for 2023. (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.) Prepare the plant assets section of Sheridan's balance sheet at December 31, 2023. (List Plant Assets in order of Land, Buildings and Equipment.) Prepare the plant assets section of Sheridan's balance sheet at December 31,2023 . (List Plant Assets