Machinery that cost $$198,000$ on $1$ January $20$X$1$ was sold for $$76,500$ on $30$ June $20$X$6.$ It was being depreciated over a $10-$year life by the straight$-$line method, assuming its residual value would be $$15,000.$

A building that cost $$1,760,000,$ residual value $$106,000,$ was being depreciated over $20$ years by the straight$-$line method. At the beginning of $20$X$6,$ when the structure was $8$ years old, an additional wing component was constructed at a cost of $$545,000.$ The estimated life of the wing considered separately was $15$ years, and its residual value was expected to be $$24,500.$

The accounting period ends $31$ December.

Required:

Give all required entries to record:

Sale of the equipment, including depreciation to the date of sale.

The addition to the building$$cash was paid.

Depreciation on the building and its addition after the latter has been in use for one year. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Do not round intermediate calculations.$)$

Complete the part of the balance sheet given below showing how the building and attached wing would be reported.

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