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Question 11 of 11 -/ 11 On December 31, 2020, Head and inches machine with a book of $977.800. The original cost and related accumulated depreciation at this date are as follows Machine Less Accumulated depreciation Book value $1.352.000 374400 5977600 Depreciation is computed at 562.400 per year on a straight-ne bus 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. Afire completely destroy the machine on August 31, 2021. An insurance settlement of $447.200 was received for this casualty Assume the settlement was received immediately. (Credit account titles are automotically indented when amount is entered. Do not indent manually. no entry is required select "No Entry for the accountities and enter for the amounts) Debit Credit Date Account Titles and Explanation Aust 31, 2021 To record current depreciation) Question 11 of 11 Aupat 31, 2021 To record loss of the machine e Textbook and Media List of Accounts On April 1. 202. Headland sold the machine for $1.081.600 to Yookcam Company. Creditoccount titles are automatically indented when amount interd. Do not indolly I no entry is required select "No Entry for the account titles and enter for the mounts Date Credit Debit Account Titles and Explanation April 1.2021 Question 11 of 11 -/ 11 Date Account Titles and Explanation Debit Credit April 1, 2021 To record current depreciation Art 1.2021 To record sale of the machine eTextbook and Media List of Accounts ale to the Mountain Kins.concl. Their value of the machine at the time 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 51.144.000. (Credit accounts are automatically indented when amount is entered Dent Indent manually. I no entry it required, select "No Entry for the accounts and enter for the amounts Date Account Titles and Explanation Debit Credit July 31, 2021 To record current depreciation) July 31, 2021 To record donation of the machine.) e Textbook and Media List of Accounts