To rocord current depreciation.) Apnl 1, 2018 On Docomber 31, 2017, Chcyennc Inc. has a machine with a book valuc of $1,353,600. Tho ariyinal Dust and related accumulated depreciation at this dat are as lolluws. Machine $1,872,000 518,400 $1,353,600 Bank value (lo record sale of the machine.) Depreciatio is xnputed at $86,400 per year on astaight-line asis. Presented below is a set of independent situatons, For each independent situation, indicate the journal entry to he mnde to record the Tmnsartion. Make sure that depreciation entries are mde to update the book value of the machine prior to its disposal LINK TO TEXT A fire completely destroys the machine on August 31, 2018. An insurance settlement of $619,200 was rereived for this rasualty. Asume the settlament was rercivod imediately. (Credit accoul titles are autiatically indented when anout isentered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and cnter O for the amounts.) On luly 31, 2018, the camipany donated this chnto the Mourntairi King Cty Couicil. The fair value of the machine at the time of the donation was estimated to be $1,581,000. (Credit account titles are automatically indented when ammount is entered. Do not indent manualy. Tf no cntryis reqired, select "No Fntry" for the account titles and enter for the amounts) DateAccount Titles ancl Explanatin Debit Credit Date Account Iitles and Explanation Uebit Credit August 31, 2018 July 31, 2013 To record rurrent depreriatian.) To record current depreciaton.) August 31, 2018 July 31, 2013 (To record loss of the machine.) To rocord donation of the machinc. On April 1, 2013, Cheyenne sold the mechine for $1,197,600 to Dwight Yoakam Company, (credit account titles are automatically indented when amount is entered. Do not indent maually. If no entry is required, select "No Entry"for the account titles and enter 0 for the ants.) Uate Account Iitles and Explanation Debit Credit April 1, 201a