Endblast Productions showed the following selected asset balances on December 31, 2020:

Land	$	444,800
Building		574,400
Accumulated depreciation, building1		412,800
Equipment		195,200
Accumulated depreciation, equipment2		50,000

¹Remaining estimated useful life is eight years with a residual value of $20,000; 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, 2021, for $616,000 cash.

a. Record building depreciation for 2021.

b. Record sale of land and building.

2. The equipment was sold on November 2, 2021, for $95,000 cash.

a.Record building depreciation for 2021.

b. Record sale of equipment.

b.