PLEASE CORRECT THE BOXES IN RED

Crane uses straight-line depreciation for buildings and equipment and its fiscal year end is December 31. The buildings are estimated to have a 50-year useful life and no residual value; the equipment is estimated to have a 10 -year useful life and no residual value. Interest on the notes is payable or collectible annually on the anniversary date of the issue. During 2024 , the following selected transactions occurred: Apr. 1 Purchased land for $2.01 million. Paid $505,000 cash and issued a three-year, 6\% note for the balance. May 1 Sold equipment for $105,000 cash. The equipment cost $1.32 million when originally purchased on January 1,2016 June 1 Sold land for $1.71 million. Received $414,000 cash and accepted a three-year, 5% note for the balance. The land co July 1 Purchased equipment for $1.01 million cash. Dec. 31 Retired equipment that cost $455,000 when purchased on December 31, 2017. Record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entrv is reauired. select "No Entrv" for the account titles and enter O for the amounts. List all debit entries before credit entries. Record