At December 31,2025 , Cheyenne Corporation reported the following plant assets. During 2026, the following selected cash transactions occurred. Apr. 1 Purchased land for $2,884,200. May 1 Sold equipment that cost $786,600 when purchased on January 1,2019. The equipment was sold for $222,870. June 1 Sold land for $2,097,6d The land cost $1,311,000. July 1 Purchased equipment for $1,442,100. Dec 31 Retired equipment that cost $917,700 when purchased on December 31,2016. No salvage value was received. (To record sale of equipment) (To record depreciation on equipment retired) (To record disposal of equipment)