SOURCES (c) Prepare the plant assets section of Splish Brothers's balance sheet at December 31, 2021. (List Plant Assets in order o Splish Brothers Inc. Balance Sheet (Partial) by Study Click if you would like to Show Work for this question: Doen Show Work Attempts: 0 of 1 ASSIGNMENT RESOURCES s Problem 9-OSA al. (Video) (Part Level Submission) At December 31, 2020, Spis Brothers Inc reported the following as prant Chapter 14,970.000 Land buildings Less Accumulated depreciation buildings Equipment Less: Accumulated depreciation- ipment Total plant assets 528.650.000 13.680.000 47,920,000 4.730.000 Review Scors Review Results by Study Objective 43,190,000 $62,270,000 During 2021, the following selected cash transactions occurred. April Purchased land for $2,150,000 May 1 Sold equipment that cost $870,000 when purchased on January 1, 2017. The aiment was sold for $522.000 June 1 Sold land purchased on June 1, 2011 for $1,420,000. The land cost $399.000 July 1 Purchased equipment for $2.530,000 Dec 31 Retired equipment that cost $511,000 when purchased on December 31, 2011. The company received no proceeds related to salvage. Your answer is correct. Journalize the above transactions. The company uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 50 year ife and to savage value. The equipment is estimated to have a 10-year we and no salvage value. Update depreciation on assets disposed of the time of sale or retirement (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. I no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit 2150000 Date Apr. 1 Account Titles and Explanation Land