At December 31,2022, Sarasota Corporation reported the following plant assets. During 2023, the following selected cash transactions occurred. Ape. 1 Purchasedtand for $4,325,200. May 1 Sold equipment that cost $1,179,600 when purchased on January 1, 2016. The equipment was sold for 5434,220 June 1 Sold land for $3.145.600, Theland cost $1.966,000. July 1 Purchased equipment for $2,162,600 Dec. 31 Retired equipment that cont $1,376,200 when purchased on December 31.2013 No salvage value was recelved. Journalize the transactions. 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. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Gain on Disposal of Piant Assets Equipment June 1 : Cash Land Gain on Disposal of Land (To rocord depreciation on equipment retired) Accumulated Depreciation-Equipment Equlgment