At January 1, 2021. Blossom Corporation, a public company, reported the following property, plant, and equipment accounts: Accumulated depreciation-buildings $32,300,000 Accumulated depreciation-equipment 28,200,000 Buildings Equipment 49,900,000 76,200,000 Land 11.200,000 Blossom uses straight-line depreciation for buildings and equipment and its fiscal year end is December 31. The buildings are estimated to have a 50-year useful life and no residual value: the equipment is estimated to have a 10-year useful life and no residual value. Interest on the notes is payable or collectible annually on the anniversary date of the issue. During 2021, the following selected transactions occurred: Purchased land for $2.22 million. Paid $610,000 cash and issued a three-year, 6% note for the balance. Sold equipment for $210.000 cash. The equipment cost $1.53 million when originally purchased on January 1, 2013. Sold land for $1.92 million. Received $504,000 cash and accepted a three-year, 5% note for the balance. The land cost $710,000 Purchased equipment for $1.22 million cash. Retired equipment that cost $560,000 when purchased on December 31, 2014. Record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. Round answers to 0 decimal places, eg. 5,125) Date Account Titles and Explanation Apr. 1 Land May 1 v Cash Mortgage Payable (To record purchase of land for cash and a note payable.) Depreciation Expense Accumulated Depreciation-Equipment Debit Credit May 1 (To record depreciation expense.) Cash June 1 Accumulated Depreciation-Equipment Loss on Disposal Equipment (To record disposal of equipment.) Cash Notes Receivable Land July 1 Gain on Disposal (To record disposal of land.) Equipment July 1 v Equipment Cash (To record purchase of equipment.) Dec. 31 v Depreciation Expense Dec. 31 Accumulated Depreciation-Equipment (To record depreciation expense.) (To record disposal.) Record any adjusting entries required at December 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Date Account Titles and Explanation Dec. 31 Dec. 31 (To record depreciation on buildings.) Dec. 31 (To record depreciation on equipment.) Dec. 31 (To record interest on note payable) Debit Credit Dec. 31 /25 8 To record interest on note payable (To record interest on note receivable) Prepare the property, plant, and equipment section of Blossom's balance sheet at December 31, 2021. (List Property, Plant and Equipment in order of Land, Buildings and Equipment) BLOSSOM CORPORATION Balance Sheet (Partial) Assets BLOSSOM CORPORATION Balance Sheet (Partial) Assets