Prepare the plant assets section of Ayayai's balance sheet at December 31, 2026.

At December 31, 2025, Ayayai Corporation reported the following plant assets. During 2026, the following selected cash transactions occurred. Apr. 1 Purchased land for $2,202,200. May 1 Sold equipment that cost $600,600 when purchased on January 1,2019 . The equipment was sold for $170,170. June 1 Sold land for $1,601,600. The land cost $1,001,000. July 1 Purchased equipment for $1,101,100. Dec. 31 Retired equipment that cost $700,700 when purchased on December 31,2016 . No salvage value was received. Journalize the transactions. (Hint: You may wish to set up T-accounts, post beginning balances, and then post 2026 transactions.) Ayayai uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 40 -year useful life and no salvage value; the equipment 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. (List all debit entries before credit entries. Record entries in the order displayed in the problem statement. 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.) Date Gain on Disposal of Plant Assets 10010 (To record sale of equipment) June 1 Cash 1601600 Land 1001000 Gain on Disposal of Plant Assets 600600 July 1 Equipment 1101100 \begin{tabular}{r} 1001000 \\ \hline 600600 \\ \hline \\ \hline 1101100 \\ \hline \end{tabular} Cash 1101100 Dec. 31 Depreciation Expense 70070 \begin{tabular}{r} \hline \\ \hline 70070 \\ \hline \end{tabular} Accumulated Depreciation-Equipment (To record depreciation on equipment retired) Dec. 31 Accumulated Depreciation-Equipment 700700 \begin{tabular}{r} \hline \\ \\ 700700 \\ \hline \end{tabular} Equipment \begin{tabular}{r} 700700 \\ \hline \\ \hline \end{tabular} 700700 (To record disposal of equipment) Prepare the plant assets section of Ayayai's balance sheet at December 31, 2026. (List Plant Assets in order of Land, Building, and Equipment.) Prepare the plant assets section of Ayayai's balance sheet at December 31, 2026. (List Plant Assets in order of Land, Building, and Equipment.)