what is in red needs to be filled in

At December 31, 2022, Novak Corporation reported the following plant assets. Land $3.198,000 Buildings $26,610,000 13,897.950 12,712,050 42,640,000 Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation equipment Total plant assets 5,330,000 37,310,000 $54.405,950 During 2023, the following selected cash transactions occurred. Apr. May June 1 Purchased land for $2,345,200. 1 Sold equipment that cost $639,600 when purchased on January 1, 2016. The equipment was sold for $181,220. Sold land for $1.705,600. The land cost $1,066,000. Purchased equipment for $1,172,600. Retired equipment that cost $746,200 when purchased on December 31, 2013. No salvage value was received. 1 July 1 Dec. 31 Your answer is partially correct. Record adjusting entries for depreciation for 2023. (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 titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Depreciation Expense 665250 Accumulated Depreciation-Buildings 665250 (To record depreciation on buildings.) Dec. 31 Depreciation Expense Accumulated Depreciation Equipment (To record depreciation on equipment.) Prepare the plant assets section of Novak's balance sheet at December 31, 2023. (Hint: You may wish to set up Taccounts, post beginning balances, and then post 2023 transactions.) (List Plant Assets in order of Land, Building and Equipment.) NOVAK CORPORATION Partial Balance Sheet December 31, 2023 Plant Assets Land $ Buildings $ Less V: Accumulated Depreciation-Buildings 11 IODO Equipment Less V: Accumulated Depreciation Equipment Total Plant Assets $