Date Account Titles and Explanation Debit Credit (To record depreciation on equipment sold) (To record depreciation on equipment retired) Problem 9-2A (Part Level Submission) At December 31, 2017, Pina Corporation reported the following plant assets. Land Buildings $4,083,000 $26,620,000 16,229,925 10,390,075 buildings Equipment Less: Accumulated depreciation 54,440,000 6,805,000 47,635,000 equipment Total plant assets $62,108,075 During 2018, the following selected cash transactions occurred. Apr. 1Purchased land for $2,994,200. May Sold equipment that cost $816,600 when purchased on January 1, 2011. The equipment was sold for $231,370. June 1Sold land for $2,177,600. The land cost $1,361,000 July 1 Purchased equipment for $1,497,100 Dec. 31 Retired equipment that cost $952,700 when purchased on December 31, 2008. No salvage value was received. Journalize the transactions. Pina uses straight-line depreciation for buildings and equipment. 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. Update depreciation on assets disposed of at the time of sale or retirement. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when 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.)