On January 1, 2021, Pronghorn Company purchased on credit machinery costing $162,000 and incurred $5,545 in installation costs. The machinery has an estimated useful life of 15 years and a residual value of $10,660. The company uses the straight-line method of depreciation. At the end of 2022, Pronghorn recorded depreciation and assessed the asset, determining a recoverable amount of $135,200. Pronghorn sold the equipment to Voilex Corporation on June 30, 2023, for $133,000. Prepare the necessary entries assuming Pronghorn 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 31, 2021 Depreciation Expense Accumulated Depreciation - Machinery (To record depreciation expense) 1,2022 Depreciation Expense Accumulated Depreciation - Machinery (To record depreciation expense) :31,2022 Loss on Impairment Accumulated Depreciation - Machinery e 30, 2023 (To record loss on impairment) Depreciation Expense Accumulated Depreciation - Machinery (To record depreciation expense) Debit 162000 10459 10459 2200 5230 Credit 162000 10459 10459 2200 5230 e 30, 2023 Depreciation Expense Accumulated Depreciation - Machinery (To record depreciation expense) 30, 2023 Cash 5230 133000 Loss on Disposal of Machinery 8397 Machinery No Entry No Entry (To record disposal of machinery) 5230 141397 0 0