Problem 9-2A At December 31, 2017, Bridgeport Corporation reported the following plant assets. $ 5,673,000 Land Buildings Less: Accumulated depreciat buildings Equipment Less: Accumulated depreciat equipment Total plant assets $26,540,000 22,550,175 75,640,000 ion- 3,989,825 ion- 9,455,000 66,185,000 $75,847,825 During 2018, the following selected cash transactions occurred Apr. Purchased land for $4,160,200 May 1 Sold equipment that cost $1,134,600 when purchased on January 1, 2011. The equipment was sold for $321,470 June 1 Sold land for $3,025,600. The land cost $1,891,000 July Purchased equipment for $2,080,100 Dec. 31 Retired equipment that cost $1,323,700 when purchased on December 31, 2008. No salvage value was received ournalize the transactions. Bridgeport 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. (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.)