Consider the following independent situations for Flint Corporation. Flint applies IFRS.

Situation $1$: Flint purchased equipment in $2016$ for $$156,400$ and estimated a $$12,400$ residual value at the end of the equipment$$s $10-$year useful life. At December $31,2022,$ there was $$100,800$ in the Accumulated Depreciation account for this equipment using the straight$-$line method of depreciation. On March $31,2023,$ the equipment was sold for $$38,400.$

Situation $2$: Flint sold a piece of machinery for $$11,440$ on July $31,2023.$ The machine originally cost $$43,760$ on January $1,2015.$ It was estimated that the machine would have a useful life of $12$ years with a residual value of $$2,000,$ and the straight$-$line method of depreciation was used.

Situation $3$: Flint sold equipment that had a carrying amount of $$4,000$ for $$6,400.$ The equipment originally cost $$10,600$ and it is estimated that it would cost $$13,600$ to replace the equipment.