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need answer to part b and also c if you know what it will be At December 31, 2025. Marigold Corporation reported the following plant

need answer to part b and also c if you know what it will be
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At December 31, 2025. Marigold Corporation reported the following plant assets. During 2026, the following selected cash transactions occurred. Apr: 1 Purchased land for $3,720,200. May 1 Sold equipment that cost $1,014,600 when purchased on January 1, 2019. The equipment was sold for $287,470, June 1 Sold land for $2,705,600, The land cost $1,691,000 July 1 Purchased equipment for $1,860,100. Dec: 31 Retired equipment that cost $1,183,700 when purchased on December 31,2016 . No salvage value was recelved Journalize the transactions, (Hint: You may wish to set up T-accounts, post beginning balances, and then post 2026 transactions.) Marigold uses straight-line depreciation for buildings and equipment. The buildings are estimated to hiave a 40 -year useful life and no salvage value; the equipment is cstimated to have a 10-year useful life and no salvage value. Update depreciation on assets disposed of at the time of sale or retirement. (List all debit entries before credit entries. Record entries in the order displayed in the problem statement. Credit occount 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.) Accumulated Depreciation-Equipment Gain on Disposal of Plant Assets Equipment (To record sale of equipment) June 1 V \begin{tabular}{|l|l|} \hline Cosh \\ \hline \end{tabular} Lind Gain on Disposal of Plant Assets July 1 Equipment Cash Decis Depredation Expense Accumutated Depreciation-Eguipment (To record depreciation on equipment retired) 744.040 \begin{tabular}{r} ,910 \\ \hline \end{tabular} \begin{tabular}{r} \\ \\ \\ \hline \end{tabular} 2,705,600 1.691 .000 1.014,600 1,660400 118,370 118,370 Record adjusting entries for depreciation for 2026. (List debit entry before credit entry. Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts.)

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