Candy Craze purchased and installed a machine on January 1, 2023, at a total cost of $310.100. Straight-line depreciation was taken each year for four years, based on the assumption of a seven-year ilfe and no residual value. The machine was disposed of on July 1. 2027, during its fitth year of service. Candy Craze's year-end is December 31 . Required: Present the entries to record the partial year's depreciation on July 1, 2027 a. The machine was sold for $131,000 cash. Journal entry worksheet Note: Enter debits befoce credits. Journal entry worksheet Record recelpt of $105,000 from insurance settlement. Note: Enter debits before credits