10 10 points 1 Drabinski Ltd. decided on 1 July 20X3 to dispose of an asset group consisting of land, a building, and equipment. An active plan of disposal is being carried out, and sale is highly probable within the following year. The assets' carrying values and estimated recoverable amounts at 1 July 20X3 are as follows: Estimated Carrying Recoverable eBook Cost Value Amount Land Building Equipment $ 400,000 $ 400,000 $ 420,000 2,700,000 1,500,000 900,000 900,000 $4,000,000 $2,300,000 $1,620,000 400,000 300,000 Print References On 31 December 20X3, the net recoverable amount of the group is reliably estimated to be $1,640,000. On 1 April 20X4, the asset group is sold for $1,700,000, net of costs to sell. Prepare journal entries that are appropriate to record the information above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 Record the entry to write the depreciable assets down to their carrying value in their respective asset accounts. Note: Enter debits before credits. Date 1 July 20X3 General Journal Debit Screenshot Check my work 10 points View transaction list eBook Journal entry worksheet 1 2 3 4 Print References Record the entry to write the depreciable assets down to their carrying value in their respective asset accounts. Note: Enter debits before credits. Date 1 July 20X3 General Journal Debit Credit Record entry Clear entry View general journal Screenshot 10 points eBook Print View transaction list Journal entry worksheet < 1 2 3 Record entry to reclassify the assets with loss or gain, if any. References Note: Enter debits before credits. Date 1 July 20X3 General Journal Debit Credit View general journal Record entry Clear entry Screenshot 10 points View transaction list Journal entry worksheet eBook < 1 2 3 4 Print Record the current value of assets. References Note: Enter debits before credits. Date 31 December 20X3 General Journal Debit Credit Record entry Clear entry View general journal Screenshot 10 points View transaction list eBook Print Journal entry worksheet < 1 2 3 4 Record the sale of the disposal group. References Note: Enter debits before credits. Date 1 April 20X4 General Journal Debit Credit Record entry Clear entry View general journal Screenshot