Journalize the transactions. Pronghorn 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 O for the amounts.) Date Account Titles and Explanation April 1 Land May 1 Cash Depreciation Expense Accumulated Depreciation-Equipment (To record depreciation on equipment sold) Cash Accumulated Depreciation-Equipment Gain on Disposal of Plant Assets Equipment June 1 Cash Land Gain on Disposal of Plant Assets July 1 Equipment Cash Dec. 31 Depreciation Expense Accumulated Depreciation-Equipment (To record depreciation on equipment retired) Accumulated Depreciation-Equipment Equipment Debit 2565200 23320 198220 513040 1865600 1282600 81620 816200 Credit 2565200 23320 11660 699600 1166000 699600 1282600 81620 816200