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At December 31, 2020, Riverbed Company reported the following as plant assets. Land $ 4,180,000 Buildings $27,310,000 Less: Accumulated depreciationbuildings 12,890,000 14,420,000 Equipment 47,470,000 Less: Accumulated depreciationequipment 4,530,000 42,940,000 Total plant assets $61,540,000 During 2021, the following selected cash transactions occurred. April 1 Purchased land for $2,060,000. May 1 Sold equipment that cost $1,050,000 when purchased on January 1, 2017. The equipment was sold for $630,000. June 1 Sold land purchased on June 1, 2011 for $1,520,000. The land cost $400,000. July 1 Purchased equipment for $2,540,000. Dec. 31 Retired equipment that cost $494,000 when purchased on December 31, 2011. The company received no proceeds related to salvage.

Date Account Titles aha Explanation Debit Credit Apr. 1 ||Land 2060000 Cash 2060000 May 1 Depreciation Expense 35000 Accumulated Depreciation-Equipment 35000 (To record depreciation) May 1 Cash T 6300001 Accumulated Depreciation-Equipment 455000 2 Equipment 1050000 Gain on Disposal of Plant Assets 35000 (To record sale of equipment) June 1 Cash i 1520000 1520000 Gain on Disposal of Plant Assets 1120000 Land 400000 July 1 1 Equipment 2540000 Cash T T 2540000 > Dec. 31 Depreciation Expense 49400 > 49400 Accumulated Depreciation-Equipment (To record depreciation) Dec. 31 Accumulated Depreciation-Equipment 494000 Equipment 494000 Your answer is partially correct. Try again. Record adjusting entries for depreciation for 2021. (Credit account titles are automatically inden in the problem. If no entry is required, select "No Entry" for the account titles and enter 01 Date Account Titles and Explanation Debit Credit Dec. 31 Depreciation Expense Accumulated Depreciation-Buildings (To record building depreciation) Dec. 31 Depreciation Expense Accumulated Depreciation Equipment (To record equipment deprecition) Prepare the plant assets section of Riverbed's balance sheet at December 31, 2021. (List Plant Assets in or Riverbed Company Balance Sheet (Partial) December 31, 2021 Property Plant and Equipment T Land 5840000 > Buildings 27310000 less Accumulated Depreciation-Buildings Equipment Tless Accumulated Depreciation Equipment Total Assets