Endblast Productions showed the following selected asset balances on December 31, 2020 Land Building Accumulated depreciation, building? Equipment Accumulated depreciation, equipment $400,800 530,400 395, 200 173,200 75,400 Remaining estimated useful life is eight years with a residual value of $40,000, depreciated using the straight-line method to the nearest whole month. 2Total estimated useful life is 10 years with a residual value of $16,000, 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, 2021, for $593,000 cash