Need help with solving this problem. I have the majority of it correct but am struggling with the remaining parts.

Problem 9-2A

At December 31, 2014, Navaro Corporation reported the following plant assets.

Land	$ 3,159,000
Buildings	$27,760,000
Less: Accumulated depreciation?buildings	12,557,025	15,202,975
Equipment	42,120,000
Less: Accumulated depreciation?equipment	5,265,000	36,855,000
Total plant assets	$55,216,975

During 2015, the following selected cash transactions occurred.

Apr.	1	Purchased land for $2,316,600.
May	1	Sold equipment that cost $631,800 when purchased on January 1, 2008. The equipment was sold for $179,010.
June	1	Sold land for $1,684,800. The land cost $1,053,000.
July	1	Purchased equipment for $1,158,300.
Dec.	31	Retired equipment that cost $737,100 when purchased on December 31, 2005. No salvage value was received.

Journalize the transactions. Navaro 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. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Problem 9-2A At December 31, 2014, Navaro Corporation reported the following plant assets. Land $ 3,159,000 Buildings $27,760,000 Less: Accumulated depreciationbuildings 12,557,025 Equipment 42,120,000 Less: Accumulated depreciation equipment 5,265,000 Total plant assets 15,202,975 36,855,000 $55,216,975 During 2015, the following selected cash transactions occurred. Apr. May 1 1 Purchased land for $2,316,600. Sold equipment that cost $631,800 when purchased on January 1, 2008. The equipment was sold for $179,010. Sold land for $1,684,800. The land cost $1,053,000. Purchased equipment for $1,158,300. Retired equipment that cost $737,100 when purchased on December 31, 2005. No salvage value was received. June 1 July 1 Dec. 31 Date April 1 Account Titles and Explanation Land Debit Credit 2,316,600 Your answer is partially correct. Try again. Cash 2,316,600 Journalize the transactions. Navaro 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 May 1 Depreciation E 21039 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. (Record entries in the order displayed in the Accumulated D 21039 problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (To record depreciation on equipment sold) Accumulated D 463299 Cash 179010 SHOW LIST OF ACCOUNTS Equipment 631800 Gain on Dispo 10509 LINK TO TEXT June 1 Cash 1684800 Land 1053000 Gain on Dispo 631800 Record adjusting entries for depreciation for 2015. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) July 1 Equipment Date. Account Titles and Explanation Debit 1158300 Credit Cash Dec. Depreciation E 31 Dec. 31 OF ACCOUNTS SHOW LIST Depreciation E 1158300 694000 Accumulated D Accumulated D 73710 694000 73710 (To record depreciation on (To buildings.) record depreciation on equipment retired) 31 Depreciation E Accumulated D Accumulated D Equipment 737100 737100 LINK TO TEXT Your answer is partially correct. Try again. Prepare the plant assets section of Navaro's balance sheet at December 31, 2015. (Hint: You may wish to set up T accounts, post beginning balances, and then post 2015 transactions.) (List Plant Assets in order of Land, Building and Equipment.) NAVARO CORPORATION Partial Balance Sheet December 31, 2015 Plant Assets $ Land 4422600 $ Buildings 27760000 : Less Accumulated D Equipment 13251025 14508975 43278300 : Less Accumulated D Total Plant Asset SHOW LIST OF ACCOUNTS $ Date 1-Apr 30-Apr 1-May 1-Jun 1-Jul 31-Dec Particulars Land A/c To Cash A/c (Purchase of Land) Dr Depreciation A/c Dr Accumulated Depreciation A/c (Depreciation for 4 months on equipment costing 631800) Cash A/c Dr Accumulated Depreciation A/c Dr To Equipment A/c To Profit on Sale of Equipment (Sale of Equipment) Debit 2,316,600 Credit 2,316,600 21,060 21,060 179,010 463,320 631,800 10,530 Cash A/c Dr Land A/c To Profit on Sale of Land (Sale of Land) 1,684,800 Equipment A/c Dr To Cash A/c (Purchase of Equipment) 1,158,300 Accumulated Depreciation A/c Dr To Equipment A/c (Retirement of Equipment) 1,053,000 631,800 1,158,300 737,100 737,100 At December 31, 2015, Navaro Corporation reported the following plant assets. Land Add: Purchased Less:- Sold Buildings Less: Accumulated depreciationbuildings Equipment Add:- Addition Less: Sold (Cost) Less: Retirement of Equipment Less: Accumulated depreciationequipment Total plant assets Add:Add:- Calculation of Accumulated Depreciation for Equipment Opening Balance Depreciation for 4 Months Current Year Depreciation Less:Less:- Depreciation belongs to Sold Equipment Depreciation belongs to Retirement Equipment 3,159,000 2,316,600 5,475,600 1,053,000 27,760,000 13,251,025 42,120,000 1,158,300 43,278,300 631,800 737,100 41,909,400 8,218,665 4,422,600 14,508,975 33,690,735 52,622,310 5,265,000 21,060 4,133,025 9,419,085 463,320 737,100 8,218,665 Problem 9-2A At December 31, 2014, Navaro Corporation reported the following plant assets. Land $ 3,159,000 Buildings $27,760,000 Less: Accumulated depreciationbuildings 12,557,025 Equipment 42,120,000 Less: Accumulated depreciation equipment 5,265,000 Total plant assets 15,202,975 36,855,000 $55,216,975 During 2015, the following selected cash transactions occurred. Apr. May 1 1 June 1 July 1 Dec. 31 Purchased land for $2,316,600. Sold equipment that cost $631,800 when purchased on January 1, 2008. The equipment was sold for $179,010. Sold land for $1,684,800. The land cost $1,053,000. Purchased equipment for $1,158,300. Retired equipment that cost $737,100 when purchased on December 31, 2005. No salvage value was received. Your answer is partially correct. Try again. Date Account Titles and Explanation Debit Credit Journalize the transactions. Navaro uses straight-line depreciation for buildings and equipment. The April 1 Land 2,316,600 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 Cash 2,316,600 sale or retirement. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.) May 1 Depreciation E 442,260 Accumulated D 442,260 (To record depreciation on equipment sold) SHOW LIST OF ACCOUNTS Accumulated Depreciation- LINK TO TEXT Cash 442,260 179010 Equipment Loss on Disposal June 1 Cash 1684800 Land Gain on Dispo July 1 1053000 631800 Equipment 1158300 Cash Dec. 31 Depreciation E 1158300 73710 Accumulated D 73710 (To record depreciation on equipment retired) Accumulated D Equipment 737100 737100 Date 1-Apr 30-Apr 1-May 1-Jun 1-Jul 31-Dec Particulars Land A/c To Cash A/c (Purchase of Land) Dr Depreciation A/c Dr Accumulated Depreciation A/c (Depreciation for 4 months on equipment costing 631800) Cash A/c Dr Accumulated Depreciation A/c Dr To Equipment A/c To Profit on Sale of Equipment (Sale of Equipment) Debit 2,316,600 Credit 2,316,600 21,060 21,060 179,010 463,320 631,800 10,530 Cash A/c Dr Land A/c To Profit on Sale of Land (Sale of Land) 1,684,800 Equipment A/c Dr To Cash A/c (Purchase of Equipment) 1,158,300 Accumulated Depreciation A/c Dr To Equipment A/c (Retirement of Equipment) 1,053,000 631,800 1,158,300 737,100 737,100 At December 31, 2015, Navaro Corporation reported the following plant assets. Land Add: Purchased Less:- Sold Buildings Less: Accumulated depreciationbuildings Equipment Add:- Addition Less: Sold (Cost) Less: Retirement of Equipment Less: Accumulated depreciationequipment Total plant assets Add:Add:- Calculation of Accumulated Depreciation for Equipment Opening Balance Depreciation for 4 Months Current Year Depreciation Less:Less:- Depreciation belongs to Sold Equipment Depreciation belongs to Retirement Equipment 3,159,000 2,316,600 5,475,600 1,053,000 27,760,000 13,251,025 42,120,000 1,158,300 43,278,300 631,800 737,100 41,909,400 8,218,665 4,422,600 14,508,975 33,690,735 52,622,310 5,265,000 21,060 4,133,025 9,419,085 463,320 737,100 8,218,665 Date 1-Apr 30-Apr 1-May 1-Jun 1-Jul 31-Dec 31-Dec 31-Dec Particulars Land A/c To Cash A/c (Purchase of Land) Dr Depreciation A/c Dr Accumulated Depreciation A/c (Depreciation for 4 months on equipment costing 631800) Cash A/c Dr Accumulated Depreciation A/c Dr To Equipment A/c To Profit on Sale of Equipment (Sale of Equipment) Debit 2,316,600 Credit 2,316,600 21,060 21,060 179,010 463,320 631,800 10,530 Cash A/c Dr Land A/c To Profit on Sale of Land (Sale of Land) 1,684,800 Equipment A/c Dr To Cash A/c (Purchase of Equipment) 1,158,300 1,053,000 631,800 1,158,300 Accumulated Depreciation A/c Dr To Equipment A/c (Retirement of Equipment) 737,100 Depreciation Expenses A/c Dr Accumulated Depreciation on Building (Depreciation on Building 694,000 Depreciation Expenses A/c Dr Accumulated Depreciation on Equipment (Depreciation on Equipment) 737,100 694,000 4,133,025 4,133,025 At December 31, 2015, Navaro Corporation reported the following plant assets. Land Add: Purchased Less:- Sold Buildings Less: Accumulated depreciationbuildings Equipment Add:- Addition Less: Sold (Cost) Less: Retirement of Equipment Less: Accumulated depreciationequipment Total plant assets Add:Add:- Calculation of Accumulated Depreciation for Equipment Opening Balance Depreciation for 4 Months Current Year Depreciation Less:Less:- Depreciation belongs to Sold Equipment Depreciation belongs to Retirement Equipment 3,159,000 2,316,600 5,475,600 1,053,000 27,760,000 13,251,025 42,120,000 1,158,300 43,278,300 631,800 737,100 41,909,400 8,218,665 4,422,600 14,508,975 33,690,735 52,622,310 5,265,000 21,060 4,133,025 9,419,085 463,320 737,100 8,218,665