At January 1, 2022, Oriole Company reported the following property, plant, and equipment accounts: Accumulated depreciation-buildings $62,700,000 Accumulated depreciation-equipment 54,100,000 Buildings 97,400,000 Equipment Land 150,900,000 23,000,000 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. 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 2022, the following selected transactions occurred: Apr. 1 Purchased land for $5 million. Paid $1 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 June 1 July 1 Dec. 31 Sold equipment for $330,000 cash. The equipment cost $3 million when originally purchased on January 1, 2014. Sold land for $4 million. Received $900,000 cash and accepted a 3-year, 5% note for the balance. The land cost $2 million when purchased on June 1, 2016. Interest on the note is due annually each June 1. Purchased equipment for $2 million cash. Retired equipment that cost $1 million when purchased on December 31, 2012. No proceeds were received. (b) 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 of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Jan. 1 Apr. 1 SA $ May 1 May 1 Notes Rec. + Cash $ $ Interest Rec. + L May 1 May 1 June 1 July 1 Dec. 31 Dec. 31 Textbook and Media Buildings Accum. Depr.- Bldgs. + Equipment $97,400,000 $(62,700,000) $150,900,000 Accum. Depr. - Equip. $(54,100,000) Interest Payable + Notes Payable $ + $ Common Stock Stockholders' Equity Retained Earnings Expense Revenue $ HA Dividend