On April 1, 2025, Sunland company received a condemnation award of $541,800 cash as compensation for the forced sale of the company's land and building, shich stood in the path of a new state highway. The land and building cost $75,600 and $352,800, respectively, when they were acquired. At April 1, 2025, the accumulated depreciation relating to the building amounted to $201,600. On August 1, 2025, Sunland purchased a piece of replacement property for cash. The land cost $113,400, and the new building cost $504,000.
Prepare the journal entries to record the transaction on April 1 and August 1, 2025.
(Record journal entries in the order presented in the problem. 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 "0" for the amounts. List all debit entries before credit entries.)
Date		Account Titles and Explanation		Debit		Credit
1-Apr
1-Aug