(To record sale of equipment) (To record depreciation) (To record retirement of equipment) Record adjusting entries for depreciation for 2023. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) At December 31, 2022, Pina Colada Company reported the following as plant assets: During 2023, the following selected cash transactions occurred. April 1 Purchased land for $2,140,000 May 1 Sold equipment that cost $930,000 when purchased on January 1, 2019. The equipment was sold for $558,000. June 1 Sold land purchased on June 1,2013 for $1,590,000. The land cost $402,000. July 1 Purchased equipment for $2,480,000. Dec. 31 Retired equipment that cost $517,000 when purchased on December 31, 2013. Prepare the plant assets section of Pina Colada's balance sheet at December 31, 2023. (List Plant Assets in order of Land, Building and Fouinment 1 Journalize the above transactions. The company uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 50-year 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. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account tities and enter 0 for the amounts.)