(b) Record adjusting entries for depreciation for 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit (To record building depreciation) (To record equipment deprecition) At December 31, 2020, Pronghorn Company reported the following as plant assets. Land $ 4,320,000 Buildings $29,800,000 Less: Accumulated depreciation-buildings 10,570,000 19,230,000 Equipment 47.520,000 Less: Accumulated depreciation equipment 4,910,000 42,610,000 Total plant assets $66,160,000 During 2021, the following selected cash transactions occurred. April 1 Purchased land for $2,000,000 May 1 Sold equipment that cost $840,000 when purchased on January 1, 2017. The equipment was sold for $504,000. June 1 Sold land purchased on June 1, 2011 for $1,430,000. The land cost $393,000. July 1 Purchased equipment for $2,440,000, Dec. 31 Retired equipment that cost $480,000 when purchased on December 31, 2011. The company received no proceeds related to salvage