Durham Lid. decited on July

$1$

$.$

$2$

$0$

$2$

$3$

$$to dispose of an asset group consiting of land and abuilding. An active plan of disposal is being carried out, and sale is highly probable within

$1$

$,$

$2$

$$tollowing year. The assets catrying values and estimated recoverable amounts at July

$1$

$,$

$2$

$0$

$2$

$3$

$$are as follows:LandEquipmentCost$

$4$

$0$

$0$

$2$

$,$

$7$

$0$

$0$

$

$3$

$,$

$1$

$0$

$0$

EstimatedCarrying Value Recoverable Amount$

$4$

$0$

$0$

$

$8$

$0$

$0$

$1$

$,$

$5$

$0$

$0$

$1$

$,$

$4$

$0$

$0$

$

$1$

$,$

$9$

$0$

$0$

$

$2$

$,$

$2$

$0$

$0$

On December

$1$

$,$

$2$

$0$

$2$

$3$

$,$

$$the asset group sold for $

$2$

$,$

$2$

$9$

$0$

$$net of costs to sell.Required: Prepare journal entries that are appropriate to record the information above.