Need help with part C! Balance Sheet (partial) Please help!!

(B)

At December 31,2022 , Monty Corp. reported the following plant assets. During 2023 , the following selected cash transactions occurred. April 1 Purchased land for $2,140,000. May 1 Sold equipment that cost $630,000 when purchased on January 1,2016 . The equipment was sold for $189,000. June 1 Sold land for $1,490,000. The land cost $1,009,000. July 1 Purchased equipment for $1,109,000. Dec. 31 Retired equipment that cost $701,000 when purchased on December 31,2013 . No salvage value was received. Journalize the transactions. (Hint: You may wish to set up T-accounts, post beginning balances, and then post 2023 transactions.) Monty 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. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) May 1 Accumulated Depreciation-Equipment 462000 Cash 189000 Gain on Disposal of Plant Assets Equipment (To record sale of equipment) \begin{tabular}{ll} \hline June 1 & Cash \\ \hline \end{tabular} Land 1009000 Gain on Disposal of Plant Assets 481000 July 1 Equipment 1109000 1109000 Accumulated Depreciation-Equipment 70100 Dec. 31 Depreciation Expense 70100 Accumulated Depreciation-Equipment 70100 (To record depreciation) Dec. 31 Accumulated Depreciation-Equipment 701000 Equipment 701000 (To record retirement of equipment) Prepare the plant assets section of Monty's balance sheet at December 31, 2023. (List Plant Assets in order of Land, Buildings and Equipment.)