Drabinski Ltd. decided on 1 July 20x3 to dispose of an asset group consisting of land, a building, and equipment. An active plan of disposal is being carried out, and sale is highly probable within the following year. The assets' carrying values and estimated recoverable amounts at 1 July 20X3 are as follows: Land Building Equipment Estimated Carrying Recoverable Cost Value Amount $ 400,000 $ 400,000 $ 420,000 2,700,000 1,500,000 900,000 900,000 400,000 300,000 $4,000,000 $2,300,000 $1,620,000 On 31 December 20X3, the net recoverable amount of the group is reliably estimated to be $1,640,000. On 1 April 20X4, the asset group is sold for $1,700,000, net of costs to sell. Prepare journal entries that are appropriate to record the information above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list X: > 1 Record the entry to write the depreciable assets down to their carrying value in their respective asset accounts. g value 2 Record entry to reclassify the assets with loss or gain, if any. 3 Record the current value of assets. 4 Record the sale of the disposal group. Credit Drabinski Ltd. decided on 1 July 20x3 to dispose of an asset group consisting of land, a building, and equipment. An active plan of disposal is being carried out, and sale is highly probable within the following year. The assets' carrying values and estimated recoverable amounts at 1 July 20X3 are as follows: Land Building Equipment Estimated Carrying Recoverable Cost Value Amount $ 400,000 $ 400,000 $ 420,000 2,700,000 1,500,000 900,000 900,000 400,000 300,000 $4,000,000 $2,300,000 $1,620,000 On 31 December 20X3, the net recoverable amount of the group is reliably estimated to be $1,640,000. On 1 April 20X4, the asset group is sold for $1,700,000, net of costs to sell. Prepare journal entries that are appropriate to record the information above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list X: > 1 Record the entry to write the depreciable assets down to their carrying value in their respective asset accounts. g value 2 Record entry to reclassify the assets with loss or gain, if any. 3 Record the current value of assets. 4 Record the sale of the disposal group. Credit