Need Help with Part C

At December 31, 2022, Bridgeport Corporation reported the following plant assets. During 2023, the following selected cash transactions occurred. Aar. 1 Purchased land for $4,160,200. May 1 Sold equipment that cost $1,134,600 when purchased on January 1,2016 . The equipment was sold for $321,470. June 1 Sold land for $3,025,600. The land cost $1,891,000. July 1 Purchased equipment for $2,080,100. Dec. 31 Retired equipment that cost $1,323,700 when purchased on December 31,2013 . No salvage value was fecelved. Journalize the transactions. Bridgeport uses straight-fine 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 hare 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 disployed in the problem statement. Credit account tities are automatically indented when amount is entered. Do not indent monuolly. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts) (To record depreciation on equipment retiredi) Record adjusting entries for depreciation for 2023. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts.) Prepare the plant assets section of Bridgeport's balance sheet at December 31, 2023. (Hint You may wish to set up T accounts. post beginning balances, and then post 2023 transactions.) (List Plant Assets in order of Land, Building and Equipment.)