Consider the following independent situations for Indigo Corporation. Indigo applies ASPE.

Situation 1:Indigo purchased equipment in 2010 for $128,600 and estimated a $12,600 residual value at the end of the equipment's 10-year useful life. At December 31, 2016, there was $81,200 in the Accumulated Depreciation account for this equipment using the straight-line method of depreciation. On March 31, 2017, the equipment was sold for $31,200.

Situation 2:Indigo sold a piece of machinery for $11,020 on July 31, 2017. The machine originally cost $41,380 on January 1, 2009. It was estimated that the machine would have a useful life of 12 years with a residual value of $2,500, and the straight-line method of depreciation was used.

Situation 3:Indigo sold equipment that had a carrying amount of $4,600 for $6,900. The equipment originally cost $12,600 and it is estimated that it would cost $17,600 to replace the equipment.

a)Prepare the appropriate journal entries to record the disposition of the property, plant, and equipment assets, assuming that Indigo's fiscal year end is December 31 and that Indigo 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 calculation.)

b)How would the journal entries in (a) change if Indigo Corporation applied IFRS?(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.)