On January 1, 2021, Indigo Company purchased on credit machinery costing $186,000 and incurred $6,450 in installation costs. The machinery has an estimated useful life of 15 years and a residual value of $11,700. The company uses the straight-line method of depreciation. At the end of 2022, Indigo recorded depreciation and assessed the asset, determining a recoverable amount of $156,000. Indigo sold the equipment to Voilex Corporation on June 30, 2023, for $153,400. Prepare the necessary entries assuming Indigo has a December 31 year-end. (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 O for the amounts. List all debit entries before credit entries. Round answers to O decimal places, e.g. 5,275. Record journal entries in the order presented in the problem.) Date 2021 Account Titles and Explanation Machinery Accounts Payable 1,2021 Depreciation Expense Accumulated Depreciation - Machinery (To record depreciation expense) 12021 Depreciation Expense Accumulated Depreciation - Machinery (To record depreciation expense) 31, 2022 Loss on Impairment 30, 2023 Accumulated Impairment Losses - Machinery (To record loss on impairment) Depreciation Expense 30, 2023 Accumulated Depreciation - Machinery (To record depreciation expense) Cash Accumulated Depreciation - Machinery Accumulated Impairment Losses - Machinery Machinery Gain on Disposal of Machinery (To record disposal of machinery) Debit 192450 12050 12050 12350 6025 Is Incorrect 153400 30125 Is Incorrect 12350 Credit 192450 12050 12050 12350 6025 Is Incorrect 192450 3425 Is Incorrect