Consider the following independent situations for Blue Spruce Corporation. Blue Spruce applies ASPE. Situation 1: Blue Spruce purchased equipment in 2013 for $159,000 and estimated a $11,000 residual value at the end of the equipments 10-year useful life. At December 31, 2019, there was $103,600 in the Accumulated Depreciation account for this equipment using the straight-line method of depreciation. On March 31, 2020, the equipment was sold for $39,100. Situation 2: Blue Spruce sold a piece of machinery for $11,800 on July 31, 2020. The machine originally cost $45,200 on January 1, 2012. It was estimated that the machine would have a useful life of 12 years with a residual value of $2,000, and the straight-line method of depreciation was used. Situation 3: Blue Spruce sold equipment that had a carrying amount of $3,000 for $5,300. The equipment originally cost $11,600 and it is estimated that it would cost $15,600 to replace the equipment.

(a)

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Prepare the appropriate journal entries to record the disposition of the property, plant, and equipment assets, assuming that Blue Spruces fiscal year end is December 31 and that Blue Spruce only prepares financial statements and adjusts the accounts annually. (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 0 for the amounts. Do not round intermediate calculations.)

Account Titles and Explanation	Debit	Credit
Situation 1:
(To record depreciation on equipment)
(To record disposal of equipment)
Situation 2:
(To record depreciation on machinery)
(To record disposal of machinery)
Situation 3: