*Problem 9-5A (Part Level Submission) At December 31, 2016, Carla SA reported the following as plant assets. Land 2,903,000 27,341,000 Buildings Less: Accumulated depreciation-buildings 12,705,000 14,636,000 Equipment 40,469,000 Less: Accumulated depreciation- equipment 35,528,000 4,941,000 53,067,000 Total plant assets During 2017, the following selected cash transactions occurred. Purchased land for 2,429,000. April 1 May 1 Sold equipment that cost 774,000 when purchased on January 1, 2013. The equipment was sold for 479,880. June 1 Sold land purchased on June 1, 2007 for 1,772,000. The land cost 294,000. Purchased equipment for 2,147,000. July 1 Dec. Retired equipment that cost 537,000 when purchased on December 31, 2007. No residual value was received 31 *(a) Journalize the above transactions. The company uses straight-line depreciation for buildings and equipment. The buildings are estimated useful life and no residual value. Update depreciation on assets disposed of ohave a 50-year life and no residual value. The equipment is estimated to have a 10-year the time of sale or retirement. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit (To record depreciation) May 1 (To rocord sale of equiprment (To record depredation) (To record retirement of equipment)