financial accounting help

At Decmber 31, 2017, Arnold Corporation reported the following plant assets Land Buildings Less: Accumulated depreciation buildings Equipment Less: Accumulated depreclation equipment Total plant assets $ 3,000,000 $26,500,000 11,925,000 14,575,000 40,000,000 5,000,000 35,000,000 $52,575,000 During 2018, the following selected cash transactions occurred Apr. Purchased land for $2,200,000 May 1 Sold equipment that cost $600,000 when purchased on January 1, 2011. The equipment was sold for $170,000 June 1 Sold land for $1,600,000. The land cost $1,000,000 July Purchased equipment for $1,100,000 Dec. 31 Retired equipment that cost $700,000 when purchased on December 31, 2008. No salvage value was received Journalize the transactions. Arnold uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 40-year useful life and no salvage value; the equipment is estimated to have a 10-year useful life and no salvage value. Update depreciation on assets disposed of at the time of sale or retirement. (Record entries in the order displayed in the problem statement. Credit account tites are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit (To record depreciation on equipment sold)