Problem 9-2A (Part Level Submission) At December 31, 2017, Pronghorn Corporation reported the following plant assets. $ 3,498,000 $26,630,000 13,904,550 12,725,450 Land Buildings Less: Accumulated depreciation- buildings Equipment Less: Accumulated depreciation- equipment Total plant assets 46,640,000 5,830,000 40,810,000 $57,033,450 During 2018, the following selected cash transactions occurred. Apr. 1 Purchased land for $2,565,200. May 1 Sold equipment that cost $699,600 when purchased on January 1, 2011. The equipment was sold for $198,220. June 1 Sold land for $1,865,600. The land cost $1,166,000. July 1 Purchased equipment for $1,282,600. Dec. 31 Retired equipment that cost $816,200 when purchased on December 31, 2008. No salvage value was received. (a) Journalize the transactions. Pronghorn 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 salvege value. Update depreciation on assets disposed of at the time af sale or retirement. (Record entries in the order displayed in the problem statement. Credit account ttles are automatically indevted when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit (To record depreciation on equipment solu) (To record depreciation on equipment retired) Click if you would like to show Work for this question: Macity Show Work