At December 31, 2025, Arnold Corporation reported the followino nlant acenta During 2026, the following selected cash transactions occurred. Apr. 1 Purchased land for $2,200,000. May 1. Sold equipment that cost $600.000 when purchased on January 1, 2019. The equipment was soid for $170,000. June 1 Sold land for $1,600,000. The land cost $1,000,000. July 1 Purchased equipment for $1,100,000 Dec. 31 Retired equipment that cost 5700,000 when purchased on December 31,2016 , No salvage value was received Journalize the transactions, (Hint: You may wish to set up T-accounts, post beginning balances, and then post 2026 transactions. no salvage value; the equipment is estimated to have a 10-year useful life and no salvage value. Update depreciation on assets disposed ofat the time-of sale or retirement-(List all debit entries before credit entries. Record entries in the order displayed in the. problem statement. Credit account titles are outomatically indented when omount is entered. Do not indent monually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)