A machine costing $171200 was destroyed when it caught fire. At the date of the fire, the accumulated depreciation on the machine was $77000. An insurance check for $203100 was received based on the replacement cost of the machine. The entry to record the insurance proceeds and the disposition of the machine will include a credit to the Accumulated Depreciation account for $77000 credit to the Equipment account for $126100, gain on disposal of $31900. gain on disposal of $108900