Bulding At December 31, 2015, Grand Company reported the following as plant assets. $4,212,000 $27,572,000 Less: Acumulated depreciation 13,744,000 13,828,000 buildings Equipment 43,211,000 Less: Accumulated depreciation equipment 5,334,000 42,877,000 Total plant assets $60,917.000 During 2015, the following selected cash tractions occurred. Aprill Purchased land for $2,055,000. May 1 Sald equipment that cost $1,050,000 when purchased on January 1, 2012. The prent was sold for $630,000 June 1 Sold land purchased on June 1, 2006 for $1,525,000. The land cost $393,000. July 1 Purchased equipment for 52,521,000 Dec. 31 Retired equipment that cost $507,000 when purchased on December 31, 2006. No salvage value we received Journalize the above transactions. The company uses straight-ine depreciation for buildings and equipment. The buldings are estimated to have a 50-year Ire and no salvage value. The equipment is estimated to have a 10-year useful le arc no shage value update depreciation on assets disposed of at the time of sale or retirement (If no entry is required, select "No entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation DebR Credit Nay (To record de precarion) Mary (To record sale of ecupent ) haly Dec 3: (To record depreciation) DH: 3: (To recond)