Journalize the transactions. Culver 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 titles 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 April 1 Land 2,785,200 Cash 2,785,20 May 1 Depreciation Expense Accumulated Depreciation-Equipment (To record depreciation on equipment sold) Cash 215,220 Accumulated Depreciation-Equipment Equipment 759,60 Gain on Disposal of Plant Assets June 1 Cash LandJuly 1 V Equipment Cash Dec. 31 v Depreciation Expense Accumulated Depreciation-Equipment (To record depreciation on equipment retired)At December 31, 2022, Culver Corporation reported the following plant assets. Land $ 3,793,000 Buildings $26,690,000 Less: Accumulated depreciationbuildings 15,097,050 11,592,950 Equipment 50,640,000 Less: Accumulated depreciationequipment 6,330,000 44,310,000 Total plant assets $59,700,950 During 2023, the following selected cash transactions occurred. Apr. 1 Purchased land for $2,735,200. May 1 Sold equipment that cost $759,600 when purchased on January 1, 2016. The equipment was sold for $215,220. June 1 Sold land for $2,025,600. The land cost $1,266,000. Juli,r 1 Purchased equipment for $1,392,600. Dec. 31 Retired equipment that cost $836,200 when purchased on December 31, 2013. No salvage value was received