A fire completely destroys the machine on August 31, 2026. An insurance settlement of $593,400 was received for this casualty. Assume the settlement was received immediately. (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 O for the amounts. List all debit entries before credit entries) Date Account Titles and Explanation ug. 31,2026 Depreciation Expense Accumulated Depreciation-Machinery (To record current depreciation.) ug 31, 2026 Cash Debit 55200 593400 Accumulated Depreciation-Machinery. 552000 Loss on Disposal of Machinery 648600 Machinery (To record loss of the machine.) Credit 55200 1794000 On April 1, 2026, Waterway sold the machine for $1,435,200 to Yoakam Company. (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 O for the amounts. List all debit entries before credit entries.) Date Account Titles and Explanation Apr. 1, 2026 Apr. 1, 2026 (To record current depreciation.) (To record sale of the machine.) Debit Credit On December 31, 2025, Waterway Inc. has a machine with a book value of $1,297,200. The original cost and related accumulated depreciation at this date are as follows. Machine $1,794,000 Less: Accumulated depreciation 496,800 Book value $1,297,200 Depreciation is computed at $82.800 per year on a straight-line basis. Presented below is a set of independent situations. For each independent situation, indicate the journal entry to be made to record the transaction. Make sure that depreciation entries are made to update the book value of the machine prior to its disposal