On December 31, 2020, Marin Inc. has a machine with a book value of $1,184,400. The original cost and related accumulated depreciation at this date are as follows.

Machine		$1,638,000
Less: Accumulated depreciation		453,600
Book value		$1,184,400

Depreciation is computed at $75,600 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 sure that depreciation entries are made to update the book value of the machine prior to its disposal.

(A) A fire completely destroys the machine on August 31, 2021. An insurance settlement of $541,800 was received for this casualty. Assume the settlement was received immediately. (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.)

Date	Account Titles and Explanation	Debit	Credit
August 31, 2021		enter a debit amount	enter a credit amount
		enter a debit amount	enter a credit amount
	(To record current depreciation.)
August 31, 2021		enter a debit amount	enter a credit amount
		enter a debit amount	enter a credit amount
		enter a debit amount	enter a credit amount
		enter a debit amount	enter a credit amount
	(To record loss of the machine.)

(B) On April 1, 2021, Marin sold the machine for $1,310,400 to Yoakam Company. (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.)

Date	Account Titles and Explanation	Debit	Credit
April 1, 2021	enter an account title to record current depreciation	enter a debit amount	enter a credit amount
	enter an account title to record current depreciation	enter a debit amount	enter a credit amount
	(To record current depreciation.)
April 1, 2021	enter an account title to record sale of the machine	enter a debit amount	enter a credit amount
	enter an account title to record sale of the machine	enter a debit amount	enter a credit amount
	enter an account title to record sale of the machine	enter a debit amount	enter a credit amount
	enter an account title to record sale of the machine	enter a debit amount	enter a credit amount
	(To record sale of the machine.)

(C) On July 31, 2021, the company donated this machine to the Mountain King City Council. The fair value of the machine at the time of the donation was estimated to be $1,386,000. (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.)

Date	Account Titles and Explanation	Debit	Credit
July 31, 2021	enter an account title to record current depreciation	enter a debit amount	enter a credit amount
	enter an account title to record current depreciation	enter a debit amount	enter a credit amount
	(To record current depreciation.)
July 31, 2021	enter an account title to record donation of the machine	enter a debit amount	enter a credit amount
	enter an account title to record donation of the machine	enter a debit amount	enter a credit amount
	enter an account title to record donation of the machine	enter a debit amount	enter a credit amount
	enter an account title to record donation of the machine	enter a debit amount	enter a credit amount
	(To record donation of the machine.)