Endblast Productions showed the following selected asset balances on December 31, 2023: Land $ 448,800 Building 578,400 Accumulated depreciation, building1 414,400 Equipment 197,200 Accumulated depreciation, equipment2 55,000 1Remaining estimated useful life is eight years with a residual value of $60,000; depreciated using the straight-line method to the nearest whole month. 2Total estimated useful life is 10 years with a residual value of $24,000; depreciated using the double-declining-balance method to the nearest whole month. Required: Prepare the entries for each of the following. (Round intermediate calculations to the nearest whole dollar.) 1. The land and building were sold on September 27, 2024, for $618,000 cash