The property, plant, and equipment section of the Jasper Companys December 31, 2020, balance sheet contained the following:

Property, plant, and equipment:
Land				$	124,000
Building	$	704,000
Less: Accumulated depreciation		(220,000	)		484,000
Equipment		171,600
Less: Accumulated depreciation		?			?
Total property, plant, and equipment					?

The land and building were purchased at the beginning of 2016. Straight-line depreciation is used and a residual value of $44,000 for the building is anticipated. The equipment is comprised of the following three machines:

Machine	Cost			Date Acquired		Residual Value				Life (in Years)
101	$	61,000		1/1/2018		$	7,400			8
102		74,200		6/30/2019			8,400			7
103		36,400		9/1/2020			3,400			10

The straight-line method is used to determine depreciation on the equipment. On March 31, 2021, Machine 102 was sold for $46,000. Early in 2021, the useful life of machine 101 was revised to five years in total, and the residual value was revised to zero. Required: 3. Calculate the gain or loss on the sale of machine 102. 4. Prepare the journal entry for the sale of machine 102. 5. Prepare the 2021 year-end journal entries to record depreciation on the building and remaining equipment.