Endblast Productions showed the following selected asset balances on December 31, 2020: Land Building Accumulated depreciation, building Equipment Accumulated depreciation, equipment $452,800 582,400 416,000 199,200 60,000 "Remaining estimated useful life is eight years with a residual value of $60,000; depreciated using the straight- line method to the nearest whole month. 2 Total 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 $620,000 cash. View transaction list Journal entry worksheet