Please answer PART B. Part A was partially incorrect so I included the solution for it below in order to effectively solve Part B. Thanks, I'll be sure to rate for a correct answer!

Accumulated depreciation-buildings $60,700,000 lated depo 54,600,000 quip Building 97,400,000 Equipment 150,800,000 Land 21,000,000 The company uses straight-line depreciation for buildings and equipment, its year-end is December 31, and it makes adjusting entries annually. The buildings are estimated to have a 40-year useful life and no salvage value; the equipment is estimated to have a 10-yea ful life and During 2017, the following selected transactions occurred: Apr. 1. Purchased land for $4.70 lion. Paid $1.175 millio sh and issued 3-ye 6% note payable for the b payabl ly cach April 1. Sold equipment for $230,000 cash. The equipment cost $384 million when originally purchased on January 2009, May June 1 Sold land for $4.89 million. Received s900,000 cash and accepted a 3-year, 5% note for the balance. The land cost si.30 million when purchased on June 1, 2011. Interest on the note is due annually each June 1. July 1 Purchased equipment for $2.40 Dec. 31 Retired equipment that cost $1 million when purchased on December 31, 2007, No proceeds were received, (a) You answer is partially correct. Try again. Record the above transactions, (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Tites and Explanation 4700,000 Land 1.175.000 Cash 3,525,000 Notes Pay May 1 a Deprecietier 128,000 125.000 Accumulat (To record depreciation expense) May i Accumulate 3,200,000 230,000 Cash 410,000 Loss on Di 3,840,000 900,000 June 1 Cash 3990.000 otes Recei 1,300,000 3,590,000 Gain on Di 2,400,000 12,400,000 Cash Dec 313 Depreciatior 17,251,000 816.000 Dec.31 Accumulate 1,000,000 1,000,000 Equip