Record adjustments to accounts for depreciation for 2023. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)

Assets = Liabilities + Stockholders' Equity Retained Earnings Cash + Land + Buildings - Accum. Depr. - Bldgs. + Equipment - Accum. Depr. - Equip. = + Common Stock + Revenue - Expense - Dividend Bal.

$4,548,000 $26,520,000 $(18,078,300) $(60,640,000) $(7,580,000)

Apr. 1 $(3,335,200) 3,335,200 May 1 (30,320) $(30,320) Depreciation expense

May 1 257,720 (909,600) 667,040 $15,160 Gain on disposal June 1 2,425,600 (1,516,000) 909,600 Gain on disposal

July 1 (1,667,600) 1,667,600 Dec. 31 (106,120) (106,120) Depreciation expense

Dec. 31 (1,061,200) 1,061,200 Depreciation expense

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Dec. 31 enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount select an option

Bal.				$4,548,000		$26,520,000		$(18,078,300)		$(60,640,000)		$(7,580,000)
Apr. 1		$(3,335,200)		3,335,200
May 1												(30,320)								$(30,320)				Depreciation expense
May 1		257,720								(909,600)		667,040						$15,160						Gain on disposal
June 1		2,425,600		(1,516,000)														909,600						Gain on disposal
July 1		(1,667,600)								1,667,600
Dec. 31												(106,120)								(106,120)				Depreciation expense
Dec. 31										(1,061,200)		1,061,200												Depreciation expense
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