On December 31, 2017. Butfalo inc has a miachine with a book value of 5258,000 . The original cost and related accumulated depreciation at this date are as follown. Depreciaticn is computed at $72,400 per year on a straight-line basis. Presented below is a set of independent situations, For each independent situation, indicate the journal entry to be made to record the transaction. Make surn that depreciation entries are made to update the book value of the machine prior to its disposal. (a) A hurricane completely destroys the machine on October 31, 2018. An insurance settlement of $462,000 wasreceived for this casualty. Assume the settlement was received immediately, (Credit aocount tities ant outomotically indented when amount tis enterad. Do not indent manually. If no entry is required, select "No Entry" for the account titier and enter of for the amounts)