At January 1, 2022, Blossom Company reported the following property, plant, and equipment accounts: Accumulated depreciation-buildings Accumulated depreciation-equipment Buildings Equipment Land $60,200,000 52,000,000 97.200.000 150,000,000 20,000,000 The company uses straight line depreciation for buildings and equipment. its year-end is December 31, and it makes adjusting entries 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 2022, the following selected transactions occurred: Apr. 1 Purchased land for $4.00 million. Paid $1.000 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 $200,000 cash. The equipment cost $2.40 million when originally purchased on January 1, 2014 Sold land for $3.60 million. Received $600,000 cash and accepted a 3-year, 5% note for the balance. The land cost $1.20 million when purchased on June 1, 2016. Interest on the note is due annually each June 1. July 1 Purchased equipment for $2,00 million cash Dec 31 Retired equipment that cost $1 million when purchased on December 31, 2012. No proceeds were received June 1 10-year life and no salvage Value During 2022. the following selected transactions occurred: Apr Mw1 June 1 Purchased and for $400 million Paid $1.000 million cash and issued a 3-year, 6 note pale for the balance Interest on the note is payable annually each April 1 Sold equipment for $200.000 cash. The equipment cost $20 million when originally purchased on January 1, 2014 Sold land for $3.60 million Received $600,000 cash and accepted a year, 5 note for the balance The land cost $1.20 million when purchased on June 1, 2016. Interest on the notes due annually each June 1 Purchased went for $2.00 willion cash Retired equipment that cost $1 million when purchased on December 31, 2012. No proceeds were received July 1 Dec 31 al Joumalize the above tractions. Cecconies are tomatically indented when the amount is entered Doroindent manual foi modelect "Ne Entry for the account title and for the amounts) Account Tities and Explanation Credit April Land Debit Acumded Depreciation (To record depreciation expense) Cash American Lo Dipecat ofan fest (To record sale of equipment) Cash Le 1 Land to corpo uit of Account Annamps nami