Ivanhoe Corporation donates equipment and a truck to the community Home Assistance Centre. The equipment had a cost of $98,000 and accumulated depreciation to the contribution date of $42,000 and a fair value of $62,000. The truck had a cost of $57,000 and accumulated depreciation to the contribution date is $35,000 and a fair value of $34,000.

Prepare the journal entry Ivanhoe Corporation would make for the donation. (Credit account titles are automatically indented when 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.)