On December 31, 2019, Splish Brothers Inc. owns a machine with a carrying amount of $774,000. The original cost and accumulated depreciation for the machine on this date are as follows: Machine $1,350,000 Accumulated depreciation 576,000 $774,000 Depreciation is calculated at $96,000 per year on a straight-line basis. A set of independent situations follows. For each situation, prepare the journal entry for Splish Brothers Inc. to record the transaction. Ensure that depreciation entries are recorded to update the machine's carrying amount before its disposal. Assume that Splish Brothers Inc. uses IFRS for financial statement purposes.