At January 1, 2017, Cullumber Company reported the following property, plant, and equipment accounts:

Accumulated depreciationbuildings		$61,550,000
Accumulated depreciationequipment		54,800,000
Buildings		97,400,000
Equipment		150,300,000
Land		23,650,000

The company uses straight-line depreciation for buildings and equipment, its year-end is December 31, and it makes adjustments annually. 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. During 2017, the following selected transactions occurred:

Apr. 1		Purchased land for $5.00 million. Paid $1.250 million cash and issued a 3-year, 6% note payable for the balance. Interest on the note is payable annually each April 1.
May 1		Sold equipment for $290,000 cash. The equipment cost $3.84 million when originally purchased on January 1, 2009.
June 1		Sold land for $5.82 million. Received $660,000 cash and accepted a 3-year, 5% note for the balance. The land cost $1.30 million when purchased on June 1, 2011. Interest on the note is due annually each June 1.
July 1		Purchased equipment for $2.30 million cash.
Dec. 31		Retired equipment that cost $1 million when purchased on December 31, 2007. No proceeds were received.

Record the above transactions in the tabular summary from part (a). (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front o reduced.) Assets Liabilities + Cash + Notes Rec. + Interest Rec. + Land + Buildings Accum. Depr. - Equip. = Interest Payable + Notes Payable + Accum. Depr. - Bldgs. + Equipment 61,550,000 150,300,000 $ $ Jan. 1 $ 23,650,000 $ 97,400,000 $ $ $ 54,800,000 $ $ Apr. 1 -1,250,000 5,000,000 3,750,000 May 1 128,000 May 1 290,000 3,200,000 June 1 July 1 Dec. 31 Dec. 31 SHOW LIST OF ACCOUNTS + Stockholders' Equity Retained Earnings Revenue - Expense + Common Stock + Dividend $ $ 128,000 Depreciation expense Gain on disposal Loss on disposal