At January 1, 2022, Pharoah Company reported the following property, plant, and equipment accounts:

Accumulated depreciationbuildings		$62,000,000
Accumulated depreciationequipment		52,750,000
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 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 $4.30 million. Paid $1.075 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 $320,000 cash. The equipment cost $3.36 million when originally purchased on January 1, 2014.
June 1		Sold land for $5.58 million. Received $600,000 cash and accepted a 3-year, 5% note for the balance. The land cost $1.30 million when purchased on June 1, 2016. Interest on the note is due annually each June 1.
July 1		Purchased equipment for $2.60 million cash.
Dec. 31		Retired equipment that cost $1 million when purchased on December 31, 2012. No proceeds were received.

Record any adjusting entries for depreciation required at December 31. (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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31	enter an account title to record depreciation expense for buildings	enter a debit amount	enter a credit amount
	enter an account title to record depreciation expense for buildings	enter a debit amount	enter a credit amount
	(To record depreciation expense for buildings)
Dec. 31	enter an account title to record depreciation expense for equipment	enter a debit amount	enter a credit amount
	enter an account title to record depreciation expense for equipment	enter a debit amount	enter a credit amount
	(To record depreciation expense for equipment)

List of Accounts

Prepare the property, plant, and equipment section of the companys statement of financial position at December 31. (List Property, Plant and Equipment in order of Land, Buildings and Equipment.)

PHAROAH COMPANY Statement of Financial Position (Partial) choose an accounting period December 31, 2022For the Year Ended December 31, 2022For the Month Ended December 31, 2022
select an opening section name Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity
enter a balance sheet item				$enter a dollar amount
enter a balance sheet item		$enter a dollar amount
select between addition and deduction AddLess: enter a balance sheet item		enter a dollar amount		enter a subtotal of the two previous amounts
enter a balance sheet item		enter a dollar amount
select between addition and deduction AddLess: enter a balance sheet item		enter a dollar amount		enter a subtotal of the two previous amounts
select a closing section name Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity				$enter a total amount for this section