this is part two theyre each one question each please see two attached documents

*Problem 9-2A At December 31, 2014, Navaro Corporation reported the following plant assets. Land Account Titles and Explanation Date Buildings $ 3,234,000 Debit Credit $29,390,000 Less: Accumulated depreciationbuildings 12,855,150 Equipment 43,120,000 Less: Accumulated depreciationequipment 5,390,000 Total plant assets 16,534,850 37,730,000 $57,498,850 During 2015, the following selected cash transactions occurred. (To record depreciation on equipment sold) Apr. 1 Purchased land for $2,371,600. May 1 Sold equipment that cost $646,800 when purchased on January 1, 2008. The equipment was sold for $183,260. June 1 Sold land for $1,724,800. The land cost $1,078,000. July 1 Purchased equipment for $1,185,800. Dec. 31 Retired equipment that cost $754,600 when purchased on December 31, 2005. No salvage value was received. Journalize the transactions. Navaro uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 40-year useful life and no salvage value; the equipment is estimated to have a 10-year useful life and no salvage value. Update depreciation on assets disposed of at the time of sale or retirement. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.) SHOW LIST OF ACCOUNTS LINK TO TEXT (To record depreciation on equipment retired) Record adjusting entries for depreciation for 2015. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date. Account Titles and Explanation Debit Credit Dec. SHOW LIST OF ACCOUNTS 31 LINK TO TEXT (To record depreciation on buildings.) Prepare the plant assets section of Navaro's balance sheet at December 31, 2015. (Hint: You may wish 31 to set up T accounts, post beginning balances, and then post 2015 transactions.) (List Plant Assets in order of Land, Building and Equipment.) NAVARO CORPORATION Partial Balance Sheet December 31, 2015 $ $ : : $ Brief Exercise 9-11 Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2014 (in millions): other plant assets $944.4; land $249.2; patents and trademarks (at cost) $544.6; machinery and equipment $2,170.1; buildings $959; goodwill (at cost) $211.0; accumulated amortization $47.5; and accumulated depreciation $2,387. Prepare a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings and Equipment.) NIKE, INC. Partial Balance Sheet As of May 31, 2014 (in millions) $ $ : $