On April 1, 2020, Concord Company received a notice from the government that a new highway was being built and that land and a building owned by the company were going to be claimed in the process. The company employed an appraiser and estimated that the land had a fair value of $ 129,960 and the building had a fair value of $ 438,900. On April 30, 2022, after some negotiations, Concord received a condemnation award of $ 592,800 cash as compensation for the forced sale of the company's land and building. The land and building cost $ 136,800 and $ 684,000, respectively, when they were acquired. On January 1, 2022, the accumulated depreciation relating to the building amounted to $ 237,120. On April 30, the accumulated depreciation relating to the building was $ 239,400. On August 1, 2022, Concord purchased a piece of replacement property for cash. The new land cost $ 102,600, and the new building cost $ 433,200. Prepare the journal entries to record the transactions on January 1, April 30, and August 1, 2022. (Credit account 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.) Date Account Titles and Explanation Debit Credit Jan. 1 April 30 Aug. 1