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Current Attempt in Progress At December 31,2022 , Cheyenne Corporation reported the following plant assets. During 2023, the following selected cash transactions occurred. Apr. 1 Purchased land for $2,884,200. May 1 Sold equipment that cost $786,600 when purchased on January 1,2016. The equipment was sold for $222,870. June 1 Sold land for $2,097,600. The land cost $1,311,000. July 1 Purchased equipment for $1,442,100. Dee. 31 Retired equipment that cost $917,700 when purchased on December 31,2013 . No salvage value was received. Current Attempt in Progress At December 31,2022 , Cheyenne Corporation reported the following plant assets. During 2023, the following selected cash transactions occurred. Apr. 1 Purchased land for $2,884,200. May 1 Sold equipment that cost $786,600 when purchased on January 1,2016. The equipment was sold for $222,870. June 1 Sold land for $2,097,600. The land cost $1,311,000. July 1 Purchased equipment for $1,442,100. Dee. 31 Retired equipment that cost $917,700 when purchased on December 31,2013 . No salvage value was received