At December 31, 2025, Sarasota Corporation reported the following plant assets. Land $ 5,898,000 Buildings $26,650,000 Less: Accumulated depreciation-buildings 11,992,500 14,657,500 Equipment 78,640,000 Less: Accumulated depreciation-equipment 9,830,000 68,810,000 Total plant assets $89,365,500 During 2026, the following selected cash transactions occurred. 1 Purchased land for $4,325,200. Apr. May 1 June 1 July 1 Dec. 31 Sold equipment that cost $1,179,600 when purchased on January 1, 2019. The equipment was sold for $334,220. Sold land for $3,145,600. The land cost $1,966,000. Purchased equipment for $2,162,600. Retired equipment that cost $1.376,200 when purchased on December 31, 2016. No salvage value was received. Date Account Titles and Explanation Debit Credit (To record depreciation on equipment sold) (To record depreciation on equipment sold) (To record sale of equipment) (To record depreciation on equipment retired) (To record disposal of equipment) eTextbook and Media List of Accounts Save for Later Attempts: 0 of 4 used Submit Answer