Consider the following independent situations for Marigold Corporation. Marigold applies ASPE. Situation 1: Marigold purchased equipment in 2013 for $130,600 and estimated a $10,600 residual value at the end of the equipment's 10-year useful life. At December 31, 2019, there was $84,000 in the Accumulated Depreciation account for this equipment using the straight-line method of depreciation. On March 31, 2020, the equipment was sold for $31,600. Situation 2: Marigold sold a piece of machinery for $11,190 on July 31, 2020. The machine originally cost $43,760 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: Marigold sold equipment that had a carrying amount of $5,000 for $6,800. The equipment originally cost $12,400 and it is estimated that it would cost $15,400 to replace the equipment. Prepare the appropriate journal entries to record the disposition of the property, plant, and equipment assets, assuming that Marigold's fiscal year end is December 31 and that Marigold 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 for the amounts. Do not round intermediate calculations.) Debit Credit Account Titles and Explanation Situation 1: Depreciation Expense 3239 Accumulated Depreciation - Machinery 3239 (To record depreciation on equipment) Cash 31600 Accumulated Depreciation - Equipment 87239 Loss on Disposal of Equipment 11761 130600 Equipment (To record disposal of equipment) Situation 2: Depreciation Expense 2030 2030 Accumulated Depreciation - Equipment (To record depreciation on machinery) Cash 11190 Accumulated Depreciation - Equipment 29870 Loss on Disposal of Equipment 2700 43760 Equipment (To record disposal of machinery) Situation 3: Cash 6800 Accumulated Depreciation - Equipment 7400 Gain on Disposal of Equipment 1800 Equipment 12400 How would the journal entries in part (a) change if Marigold 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 entero for the amounts. Do not round intermediate calculations.) Debit Credit Account Titles and Explanation Situation 1: Depreciation Expense Accumulated Depreciation - Equipment (To record depreciation on Equipment) Cash Accumulated Depreciation - Equipment Loss on Disposal of Equipment Equipment (To record the disposal of Equipment) Situation 2: Depreciation Expense Accumulated Depreciation - Equipment (To record depreciation on Machinery) Cash Accumulated Depreciation - Machinery Loss on Disposal of Machinery Machinery (To record the disposal of Machinery) Situation 3: Cash Accumulated Depreciation - Machinery Gain on Disposal of Machinery Machinery