Show Attempt History Current Attempt in Progress At December 31, 2022, Marigold Corporation reported the following plant assets. $ 5,073,000 6,414,825 Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation-equipment Total plant assets $26,580,000 20,165,175 67,640,000 8,455,000 59.185.000 $70,672,825 During 2023, the following selected cash transactions occurred, 1 Apr. May 1 1 June Purchased land for $3,720,200. Sold equipment that cost $1,014,600 when purchased on January 1, 2016. The equipment was sold for $287.470, Sold land for $2,705,600. The land cost $1,691,000. Purchased equipment for $1,860,100. Retired equipment that cost $1,183,700 when purchased on December 31, 2013. No salvage value was received 1 July Dec 31 Question 3 of 5 0.12/1 Date Account Titles and Explanation Land Debit Credit April 1 3720200 Cash 3720200 May 1 Depreciation Expense Accumulated Depreciation Equipment (To record depreciation on equipment sold) Accumulated Depreciation Equipment Cash Gain on Disposal of Plant Assets Equipment Question 3 of 5 0.12/1 (To record depreciation on equipment retired)