The last picture is where my problem lies i have done everything correctly.

View Policies Show Attempt History Current Attempt in Progress At January 1, 2021. Pharoah Limited reported the following property, plant, and equipment accounts: Accumulated depreciation-buildings Accumulated depreciation-equipment Buildings Equipment Land $60,600,000 54,800,000 88,300,000 145,300.000 20:100,000 The company uses straight-line depreciation for buildings and equipment, its year end is December 31, and it makes adjusting entries annually. The buildings are estimated to have a 40-year useful life and no residual value: the equipment is estimated to have a 10-year useful life and no residual value. During 2021. the following selected transactions occurred: Apr. 1 Purchased land for $4,190,000. Paid $1,120,000 cash and issued a three-year, 6% mortgage payable for the balance. Interest on the mortgage is payable annually each April 1. Sollentiment for 2010 rash The pruiment rnst 2.523600 when inriginally nunhased on lanuary 1 May The company uses straight-line depreciation for buildings and equipment, its year end is December 31, and it makes adjusting entries annually. The buildings are estimated to have a 40-year useful life and no residual value; the equipment is estimated to have a 10-year useful life and no residual value. During 2021, the following selected transactions occurred: Apr. 1 May 1 June 1 Purchased land for $4,190,000. Paid $1,120,000 cash and issued a three-year, 6% mortgage payable for the balance. Interest on the mortgage is payable annually each April 1. Sold equipment for $320.000 cash. The equipment cost $2.523,600 when originally purchased on January 1, 2013. Sold land for $3.749,600. Received $837.200 cash and accepted a three-year, 5% note for the balance. The land cost $1.400.000 when purchased on June 1, 2015. Interest on the note is due annually each June 1. Purchased equipment for $2.300.000 cash. Retired equipment that cost $1,000,000 when purchased on January 1, 2012. No proceeds were received. Tested land for impairment and found that its fair value was $20.100,000. 1 July Dec. 31 31 Record the above transactions. (List all debit entries before credit entries. 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 for the amounts. Round answers to 0 decimal places, e.g. 5,275. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Apr. 1 Land 4,190,000 Cash 1.120.0 3.070,01 Mortgage Payable May 1 Depreciation Expense 84.120 841 Accumulated Depreciation - Equipment (To record depreciation expense) May 1 Cash 320.000 102 maDonnitin mont e o HD) Mortgage Payable U7UUUU ay 1 Depreciation Expense 84,120 Accumulated Depreciation - Equipment 84,120 (To record depreciation expense) ay 1 Cash 320,000 Accumulated Depreciation - Equipment 2,103,000 Loss on Disposal 100,600 Equipment 2,523,600 (To record loss/gain on sale of equipment) ine 1 Cash 837.200 Notes Receivable 2,912,400 Land 1.400,000 Gain on Disposal 2349,600 (To record loss/gain on sale of land) (To record loss/gain on sale of land) July 1 Equipment 2,300,000 Cash 2,300.00 (To record depreciation expense) Dec. 31 Accumulated Depreciation Equipment 1,000,000 Equipment 1,000,0 (To record the retirement of equipment) Dec. 31 Impairment Loss 2.790.000 Land 2.790,0 (To record impairment loss)