Credit pril 1 Land 2994200 Cash 2994200 ay 1 Depreciation Expense 27220 Accumulated Depreciation Equipment 27220 (To record depreciation on equipment sold) Accumulated Depreciation Equipment 598840 Cash 231370 Gain on Disposal of Plant Assets 830210 Equipment 95270 ne 1 Cash 2177600 Land 1361000 2.96/3 E At December 31, 2022, Pina Corporation reported the following plant assets Land $4,083,000 Buildings Less: Accumulated depreciation-buildings $26,620,000 16.229.925 10,390,075 Equipment 54.440,000 Less: Accumulated depreciation-equipment 6,805,000 47,635,000 Total plant assets $62.108,075 During 2023, the following selected cash transactions occurred. Apr 1 May 1 June 1 Purchased land for $2.994,200. Sold equipment that cost $816,600 when purchased on January 1, 2016. The equipment was sold for $231,370, Sold land for $2,177,600. The land cost $1,361,000. Purchased equipment for $1,497.100 Retired equipment that cost $952.700 when purchased on December 31, 2013. No salvage value was received. July 1 Dec 31