Please compelte Part C.

View Policies Show Attempt History Current Attempt in Progress At December 31, 2025, Martinez Corporation reported the following plant assets. During 2026, the following selected cash transactions occurred. Apr. 1 Purchased land for $2,774,200. May 1 Sold equipment that cost $756,600 when purchased on January 1, 2019. The equipment was sold for $214,370. June 1 Sold land for $2,017,600. The land cost $1,261,000. July 1 Purchased equipment for $1,387,100. Dec. 31 Retired equipment that cost $882,700 when purchased on December 31,2016 . No salvage value was received. Prepare the plant assets section of Martinez's balance sheet at December 31, 2026. (list Plant Assets in order of Land, Bullding, and Equipment.) At December 31, 2025, Martinez Corporation reported the following plant assets. During 2026, the following selected cash transactions occurred. Apr. 1 Purchased land for $2,774,200. May 1 Sold equipment that cost $756,600 when purchased on January 1,2019. The equipment was sold for $214,370. June 1 Sold land for $2,017,600. The land cost $1,261,000 July 1 Purchased equipment for $1,387,100. Dec: 31 Retired equipment that cost $882.700 when purchased on December 31,2016, No salvoge.value was received. Journalize the transactions. (Hint: You may wish to set up T-accounts, post beginning balances, and then post 2026 transactions.) Martinez uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 40 -year useful life and no salvage value; the ecuipment 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. (Llist all debit entries before credit entries. Record entries in the order displayed in the problem statement. Credit account titles are outomatically 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.) Question 1 of 1 Accumulated Depreciation:Equipment 554840 Equipment Gain on Disposal of Prant Assets (To record sale of equipment) Gainon Disposidotllant Assets Afcumulated DepreciationiEaviponciti (To record depreciation on equipment retired) Record adjusting entries for depreciation for 2026 . (List debit entry before credit entry. Credit account titles are automotically 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.) Prepare the plant assets section of Martinez's balance sheet at December 31, 2026. (Llst Plant Assets in order of Land, Bullding, and Equlpment.)