Consider the following independent situations for Monty Corporation. Monty applies ASPE. Situation 1: Monty purchased equipment in 2013 for $151,800 and estimated a $11,800 residual value at the end of the equipments 10-year useful life. At December 31, 2019, there was $98,000 in the Accumulated Depreciation account for this equipment using the straight-line method of depreciation. On March 31, 2020, the equipment was sold for $40,000. Situation 2: Monty sold a piece of machinery for $9,440 on July 31, 2020. The machine originally cost $36,560 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: Monty sold equipment that had a carrying amount of $3,400 for $5,000. The equipment originally cost $11,600 and it is estimated that it would cost $14,600 to replace the equipment.

How would the journal entries if Monty 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.)

Account Titles and Explanation	Debit	Credit
Situation 1:
(To record depreciation on Equipment)
(To record the disposal of Equipment)
Situation 2:
(To record depreciation on Machinery)
(To record the disposal of Machinery)
Situation 3: