Show memory Current Attemptin Progress At December 31, 2017, Grouper Corporation reported the following plantes Land Les recen- dings $ 300 550.000 11533575 50.400.000 S044135000 n Acumulated depreciatio Total plants During 2011 the following selected cash transactions and A 1 Perchased and for $2.774.200 May 1 Sold me that cost 756. when purchased on January 1, 2011 Th June 1 Soldador 201700 The land out $1.261 000 1 hedenfor Dec 31 Redement that when purchased on December 31, 2005 - Your newer is partially correct Journal and no theo the transactions Grouperuse l ine depreciation for buildings and equipment. The buildings are estimated to have a 40-year stul w the m issed the end value Update depreciation on a disposed of at r etirement inde Date Account Titles and Explanation Credit (Te record depreciation on Gainon Disposal of Dec To record depreciate List of Accounts e Textbook and Media List of Accounts - Your answer is partially correct. Record adjusting entries for depreciation for 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Credit Date Account Titles and Explanation Dec. 31 Depreciation Expense Debit 664.250 664.250 Accumulated Depreciation Equipment (To record depreciation on buildings.) Dec. 31 Depreciation Expense 4,880,070 4.8.90,070 Accumulated Depreciation Equipment (To record depreciation on equipment.) e Textbook and Media List of Accounts - Your answer is partially correct. Type here to search te s ! e Textbook and Media List of Accounts - Your answer is partially correct. Prepare the plant assets section of Grouper's balance sheet at December 31, 2018. (Hint: You may wish to set up T accounts, post beginning balances, and then post 2018 transactions.) (List Plant Assets in order of Land, Building and Equipment.) GROUPER CORPORATION Partial Balance Sheet For the Year Ended December 31, 2018 Current Assets Land 2522,000 Buildings 2,657.000 Less : 664.250 25.905,750 Equipment 4,8.800.700 Less : 4.880.070 43,920,630 Total Plant Assets 72,348,380 e Textbook and Media List of Accounts