NEED DONE ASAP THANK YOU!
Question 9 of 9 efertbook and Medis ryenen the amounts. Round answers to 0 decimal places, es 5,125 . Question 9 of 9 (To record sale of equipment) (fo record depreciation on equipment retired) Psupeont (To record disposal of equiphient) Record any adjusting entries for depreciation required at Decenber 31 . (List debit entry before credit entry. Credit occount tifles are autemoticalfr indented when ine amount is entered. Do not indent masually, If no entry is required select "No Entry" for the account tities and enter o for the amosnts) Current Attempt in Progress At Januacy 1, 2025, Sunland Company reported the following property, plant and equipment accounts useful life and no salvage value; the equipment is estimated to have a 10 -year usclul life and no salvage valie: Durine 2025 , the followingselected transuctionsoccurtest: May 1 Sold equipment for $290,000 cash The equipment cost $372 mifion when eriginally purchased on Jamuary 1.2017. note is due annually each sine 1 . Nily 1 Purchaled equipment for $2.20 milion canh. Dec. 31 Retired equipment that cost $1 million when purchaned on December 31, 2015. No proceedi wele reckived. Question 9 of 9 Prepare the property, plant, and equipment section of the companys balance sheet at December 31. (List Property, Plant, and Equipment in order of Land, Buildings and Eq SUNLAND COMPANY Balance Sheet (Partial) Current Assets Curreat Liabilaies Intangible Assets Long-Term investments Long-Ferm tiabilies Property, Plant, and Feuiprtent Mockholdars' Equity Totwi Assets Total Current Assets Totar Current Linbates Total intangible Aswets Total Lablities fotal Liabaites and Stockholders' tquily fecaltong-Term trestments Total Leng-Term Liabilies fotal Froperty Pient, and Equpment Fotal Stockhoders' touly