On December 31,2022 , Teal Mountain Inc. owns a machine with a carrying amount of $814,000. The original cost and accumulated depreciation for the machine on this date are as follows: 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 Teal Mountain to record the transaction. Ensure that depreciation entries are recorded to update the machine's carrying amount before its disposal. Assume that Teal Mountain uses IFRS for financial statement purposes. On April 1, 2023, Teal Mountain sold the machine for $1,050,000 to Sandhill Company. (Credit account titles are automatically indented when the 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. List all debit entries before credit entries.)