Exercise 10-17 Partial-year depreciation; disposal of plant asset LO P2 Rayya Co. purchases and installs a machine on January 1, 2017, at a total cost of $201,600. Straight-line depreciation is taken each year for four years assuming a eight-year Iife and no salvage value. The machine is disposed of on July 1, 2021, during its fifth year of service Prepare entries to record the partial years depreciation on July 1, 2021, and to record the disposal under the following separate assumptions:(1) The machine is sold for $100,800 cash. (2) An insurance settlement of $84,672 is received due to the machine's total destruction in a fire. View transaction list Journal entry worksheet Record the depreciation expense as of July 1, 2021