Problem 9-2A At December 31, 2017, Blue Corporation reported the following plant assets. Land Buildings buildings 5,853,000 526,740,000 23,265,575 78,040,000 3,474,325 9,755,000 68,205,000 Total plant assets 577,612,325 During 2D18, the following selected cash transactions occurrad. Apr Purchased land far $4,292,200 May Sold equipment that cost 1,170,DD whan purchased o anuary 1, 2011. The aquipmant was sold for $331,70 June Sold land for $3,121,600. The land cost $1,951,000 July 1 Purchased equipment for $2,146,100. Dec. 31 Retired equipment that cost $1,265,700 when purchased on December 31, 2008. No salvage value was received. Journalize the transactions. lue uses straight-line depreciation for buildings and equipnent. The buildigs are estimated to have 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. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do nolt Indent manually. If no entry Is requlred, select No Entry" for the account titles and enter 0 for the amounts.)