y Tel me what you want to do Cut ormat Painter B 1 uake x,x' A.y.a-lll oard Font Paragraph Consider the following independent situations for Indigo Corporation. Indigo applies ASPE. Situation 1: Indigo purchased equipment in 2010 for $128,600 and estimated a $12,600 residual value at the end of the equipment's 10-year useful life. At the Accumulated depreciation. On March 31, 2017, the equipment was sold for $31,200. December 31, 2016, there was $81,200 in Depreciation account for this equipment using the straight-line method of Situation 2: Indigo sold a piece of machinery for $11,020 on July 31, 2017. The machine originally cost $41,380 on January 1, 2009. It was estimated that the machine would have a useful life of 12 years with a residual value of $2,500, and the straight-line method of depreciation was used. Situation 3: Indigo sold equipment that had a carrying amount of $4,600 for $6,900. The equipment originally cost $12,600 and it is estimated that it would cost $17,600 to replace the equipment. Prepare the appropriate journal entries to record the disposition of the property, plant, and equipment assets, assuming that Indigo's fiscal year end is December 31 and that Indigo only prepares financial statements and adjusts the accounts ann when the amount is entered. Do not indent manually. If no entry is required, select "No (Credit account titles are automaticaly indt for the account tities and enter O for the amounts, Do not round nter calculation.)