Sunland Tool Supply Company purchased land and a building on April $1,2022,$ for $$386,400.$ The company paid $$117,600$ in cash and

signed a $5\%$ note payable for the balance. At that time, it was estimated that the land was worth $$153,000$ and the building, $$233,400.$

The building was estimated to have a $25-$year useful life with a $$39,000$ residual value. The company has a December $31$ year end,

prepares adjusting entries annually, and uses the straight$-$line method for buildings; depreciation is calculated to the nearest month.

The following are related transactions and adjustments during the next three years.

$2022$

Dec. $31$ Recorded annual depreciation.

$31$ Paid the interest owing on the note payable.

$2023$

Feb. $17$ Paid $$265$ to have the furnace cleaned and serviced.

Dec. $31$ Recorded annual depreciation.

$31$ Paid the interest owing on the note payable.

$31$ The land and building were tested for impairment. The land had a recoverable amount of $$123,200$ and the building, $$24$

$2024$

Jan. $31$ Sold the land and building for $$326,000$ cash: $$118,000$ for the land and $$208,000$ for the building.

Feb. $1$ Paid the note payable and interest owing.

$($a$)$

Record the above transactions and adjustments, including the acquisition on April $1,2022.($Credit account titles are automatically

indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for

the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem. Round answers to $0$

decimal places, e$.$g$.5,275.)$