Please help! So confused

Kimmel, Financial Accounting, 8e Help 1 System Announcements CALCULATOR PRINTER VERSION BACK Problem 9-4A At January 1, 2017, Sunland Company reported the following property, plant, and equipment accounts Accumulated depreciation-buildings Accumulated depreciation-equipment Buildings Equipment Land 63,750,000 52,750,000 97,400,000 150,450,000 20,650,000 The company uses straight-line depreciation for buildings and equipment, its year-end is December 31, and it makes adjusting entries an ually. The buildings are estimated to have a 4 year useful life and no salvage value; the equipment is estimated to have a 10-year useful life and no salvage value During 2017, the following selected transactions occurred aid $ 1.075 million cash and issued a 3-yea r, 6% note payable for the balance. Interest on the note is payable annually each April 1. Purchased land for $4.30 million. P Sold equipment for $290,000 cash. The equipment cost $3.72 million when originally purchased on January 1, 2009 Apr. 1 May 1 June 1 5% note for the balance. The land cost $1.70 million when purchased on June 1, 2011 . Interest on old landfo $5.38 mil on Recer edS660,000 cash and accepted a 3-year, the note is due annually each June 1 Duly 1 Purchased equipment for $2.20 million cash Dec. 31 Retired equipment that cost $1 million when purchased on December 31, 2007. No proceeds were received Record the above transactions. (Credit account titles are automatically indented when the amour Entry" for the account titles and enter O for the amounts.) t is entered. Do not indent manually. If no entry is required select "No Date Account Titles and Explanation Debit Credit Show aH