Presented below is a schedule of property dispositions for Hollerith Co$.$

Schedule of Property Dispositions

$$

$$

Cost

$$

Accumulated Depreciation

$$

Cash Proceeds

$$

Fair Value

$$

Nature of Disposition

Land

$$

$$40,000$

$$

$$

$$

$$31,000$

$$

$$31,000$

$$

Condemnation

Building

$$

$15,000$

$$

$$

$$

$3,600$

$$

$$

$$

Demolition

Warehouse

$$

$70,000$

$$

$$16,000$

$$

$74,000$

$$

$74,000$

$$

Destruction by fire

Machine

$$

$8,000$

$$

$2,800$

$$

$900$

$$

$7,200$

$$

Trade$-$in

Furniture

$$

$10,000$

$$

$7,850$

$$

$$

$$

$3,100$

$$

Contribution

Automobile

$$

$9,000$

$$

$3,460$

$$

$2,960$

$$

$2,960$

$$

Sale

The following additional information is available.

Land: On February $15,$ a condemnation award was received as consideration for unimproved land held primarily as an investment, and on March $31,$ another parcel of unimproved land to be held as an investment was purchased at a cost of $$35,000.$Building: On April $2,$ land and building were purchased at a total cost of $$75,000,$ of which $20\%$ was allocated to the building on the corporate books. The real estate was acquired with the intention of demolishing the building, and this was accomplished during the month of November. Cash proceeds received in November represent the net proceeds from demolition of the building.

Warehouse: On June $30,$ the warehouse was destroyed by fire. The warehouse was purchased January $2,2017,$ and had depreciated $$16,000.$ On December $27,$ the insurance proceeds and other funds were used to purchase a replacement warehouse at a cost of $$90,000.$

Machine: On December $26,$ the machine was exchanged for another machine having a fair value of $$6,300$ and cash of $$900$ was received. $($The exchange lacks commercial substance.$)$

$*$Furniture: On August $15,$ furniture was contributed to a qualified charitable organization. No other contributions were made or pledged during the year.

Automobile: On November $3,$ the automobile was sold to Jared Winger, a stockholder. Can you provide the journal entries associated with these transactions?