wAt December 31, 2025, Flint Corporation reported the following plant assets. Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation-equipment Total plant assets Apr. May June 1 During 2026, the following selected cash transactions occurred. 1 1 $26,700,000 July 1 Dec. 31 12,015,000 54,240,000 6,780,000 $4,068,000 14,685,000 47,460,000 $66,213,000 Purchased land for $2,983,200. Sold equipment that cost $813,600 when purchased on January 1, 2019. The equipment was sold for $230,520. Sold land for $2,169,600. The land cost $1,356,000. Purchased equipment for $1,491,600. Retired equipment that cost $949,200 when purchased on December 31, 2016. No salvage value was received.

Equipment (To record sale of equipment) (To record depreciation on equipment retired) (To record disposal of equipment) Journalize the transactions: (Hint: You may wish to set up T-accounts, post beginning balances, and then post 2026 transactions.) Flint 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. (List all debit entries before credit entries. Record entries in the onder displayed in the problem statement. Credit account titles are automatically indented when amount is entered Do not indent manually. If no entry is required, select "No Entry' for the account tities and enter O for the arnounts.)