Prepare the property, plant, and equipment section of the company's statement of financial position at December 31. (List Property. Plant and Equipment in order of Land, Building and Equipment.) SUNLAND LIMITED Statement of Financial Position (Partial) Assets $ Attempts: 0 of 3 used Submit Answer Save for Later Using multiple attempts will impact your score. 20% score reduction after attempt 2 ssignment #5 Question 1 of 1 6.43 / 10 Date Account Titles and Explanation Debit Credit Apr. 1 Land 4800000 Notes Recevable 3770000 Cash 31030000 May 1 Depreciation Expense 99800 99800 Accumulated Depreciation Equipment (To record depreciation expense) May 1 320000 Accumulated Depreciation - Equipment 2495000 Loss on Disposal 179000 2994000 Equipment To record loss/gain on sale of equipment) June 1 Cash 986800 Notes Receivable 2364000 Land 1500000 Gain on Disposal 18508DO Assignment #5 Question 1 of 1 6.43/10 Not Receivable 2354000 land 1500000 Gain oo Disposal 1850800 (To record loss gain on sale of land) July 1 Equipment 2400000 2400000 Dec. 31 Depreciation Expense 110000 Accumulated Depreciation - Equipment 110000 (To record depreciation expense) Accumulated Depreciation Equipment Dec 31 1100000 1100000 Equipment (To record the retirement of equipment) Depreciation Expense Dec. 31 2285000 2285000 Accumulated Depreciation Buildings (To record impairment loss) Attempts: 3 of 3 used Using multiple attempts has impacted your score. 6.43 / 10 -stion 1 of 1