Consider the following independent situations for Flounder Corporation. Flounder applies ASPE. Situation 1: Flounder purchased equipment in 2013 for $103,400 and estimated a $11,400 residual value at the end of the equipment's 10-year useful life. At December 31, 2019, there was \$64,400 in the Accumulated Depreciation account for this equipment using the straight-line method of depreciation. On March 31, 2020, the equipment was sold for $23,900. Situation 2: Flounder sold a piece of machinery for $11,550 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: Flounder sold equipment that had a carrying amount of $3,800 for $5,800. The equipment originally cost $12,800 and it is estimated that it would cost $17,800 to replace the equipment. Prepare the appropriate journal entries to record the disposition of the property, plant, and equipment assets, assuming that Flounder's fiscal year end is December 31 and that Flounder 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.) Situation 2: (To record depreciation on machinery) (To record disposal of machinery) Situation 3