At December 31,2022 , Concord Cornpany reported the follonving as plant assets. During 2023. the following selected cash transactions occurred. April 1 Purchased land for $2,120,000. May 1 Sold equipment that cost $930,000 when purchased on January 1, 2019. The equipment was sold for $558,000. June 1 Sold land purchased on Junc 1,2013 for $1,490,000. The land cost $394,000. July 1 Purchased equipment for $2,480,000. Der. 31 Retired equipment that cost $508,000 when purchased on December 31, 2013. Journalize the above transactions. The company uses straight-line deprecistion for buildings and equipment. The buildings are estimated to have a 50 -year life and no salvape value. The equipment is estimated to have a 10 -year useful lite and no salvage value. Update depreciation on assets disposcd of at the time of sale or retircment. (List all debit entries before credit entries. Credit account tities 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 O for the amounts.) Record adjusting entries for depreciation for 2023 . LLst all debit entries before credit entries. Credilt account tities are automatically Indented when omount is entered. Do not indent manuatily Record journal entries in the order presented in the problem. If no entry is required, select TNo Entry" for the account titles and enter ofor the ameunts.)