Question 6 of 6 - / 1.5 At December 31, 2022. Novak Corp.reported the following plant assets. $3,710,000 15.081,000 Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation-equipment Total plant assets $27,420,000 12,339,000 47,200,000 5,900,000 41,300,000 $60,091,000 During 2023, the following selected cash transactions occurred. Apr. 1 May 1 June 1 July 1 Dec. 31 Purchased land for $2,030,000. Sold equipment that cost $960,000 when purchased on January 1, 2016. The equipment was sold for $288.000. Sold land for $1,500,000. The land cost $997,000. Purchased equipment for $1,097,000. Retired equipment that cost $703,000 when purchased on December 31, 2013. No salvage value was received. Question 6 of 6 - / 1.5 Date Account Titles and Explanation Debit Credit (To record depreciation) (To record sale of equipment) Question 6 of 6 - / 1.5 At December 31, 2022. Novak Corp.reported the following plant assets. $3,710,000 15.081,000 Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation-equipment Total plant assets $27,420,000 12,339,000 47,200,000 5,900,000 41,300,000 $60,091,000 During 2023, the following selected cash transactions occurred. Apr. 1 May 1 June 1 July 1 Dec. 31 Purchased land for $2,030,000. Sold equipment that cost $960,000 when purchased on January 1, 2016. The equipment was sold for $288.000. Sold land for $1,500,000. The land cost $997,000. Purchased equipment for $1,097,000. Retired equipment that cost $703,000 when purchased on December 31, 2013. No salvage value was received. Question 6 of 6 - / 1.5 Date Account Titles and Explanation Debit Credit (To record depreciation) (To record sale of equipment)