At December 31, 2025, Marigold Corporation reported the following plant assets. Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation-equipment Total plant assets Apr. May June During 2026, the following selected cash transactions occurred. 1 $26,580,000 1 11,961,000 1 67,640,000 8,455,000 1 Purchased land for $3,720,200. Sold equipment that cost $1,014,600 when purchased on January 1, 2019. The equipment was sold for $287,470. Sold land for $2,705,600. The land cost $1,691,000. July Purchased equipment for $1,860,100. Dec. 31 Retired equipment that cost $1,183,700 when purchased on December 31, 2016. No salvage value was received. $5,073,000 14,619,000 59,185,000 $78,877,000

At December 31,2025 , Marigold Corporation reported the following plant assets. During 2026 , the following selected cash transactions occurred. Apr. 1 Purchased land for $3,720,200. May 1 Sold equipment that cost $1,014,600 when purchased on January 1, 2019. The equipment was sold for $287,470. June 1 Sold land for $2,705,600, The land cost $1,691,000 July 1 Purchased equipment for $1.860,100. Dec: 31 Retired equipment that cost $1,183,700 when purchased on December 31, 2016. No salvage value was recelved Journalize the transactions. (Hint: You may wish to set up T-accounts, post beginning balances, and then post 2026 transactions.) Marigold 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. (tist all debit entries before credit entries, Record entries in the order displayed in the problem statement. Credit occount titles are automatically indented when amount is entered. Do not indent manaally. If no entry is required, select "No Entry' for the account titles and enter o for the amounts.)