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At December 31, 2014, Navaro Corporation reported the following plant assets.

Land				$3,558,000
Buildings		$31,360,000
Less: Accumulated depreciationbuildings		14,143,050		17,216,950
Equipment		47,440,000
Less: Accumulated depreciationequipment		5,930,000		41,510,000
Total plant assets				$62,284,950

During 2015, the following selected cash transactions occurred.

Apr.	1		Purchased land for $2,609,200.
May	1		Sold equipment that cost $711,600when purchased on January 1, 2008. The equipment was sold for $201,620.
June	1		Sold land for $1,897,600. The land cost $1,186,000.
July	1		Purchased equipment for $1,304,600.
Dec.	31		Retired equipment that cost $830,200when purchased on December 31, 2005. No salvage value was received.

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Journalize the transactions. Navaro uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a40-year useful life and no salvage value; the equipment is estimated to have a10-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.)