Current Attempt in Progress On December 31, 2022. Sage Hill inc. owns a machine with a carrying amount of $1,050,000. The original cost and accumulated depreciation for the machine on this date are as follows: Depreciation is calculated at $60,000 per year on a straight-line basis. A set of independent situations follows. For Pach situation, prepare the journal entry for Sage Hill to record the transaction, Ensure that depreciation entries are recorded to update the machine's carrying amount before its disposal. Assume that Sage Hill uses IFRS for financial statement purposes. (a) A fire completely destroyed the machine on August 31,2023, An insurance settlement of $419,000 was received for this casualty. Assume the settlement was received immediately. (Credit occount tities are outomotically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tites and enter Ofor the amounts. Lst all debit entries before credit entries) A fire completely destroyed the machine on August 31, 2023. An insurance settlement of $419,000 was received for this casualty. Assume the settlement was received immediately. (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries) Question Part Score 1/4,75 (b) The parts of this quetion must be completed in order. This part will be avallible when you cormplete the part above. Question Part Score. 4.75 Tho parts of this question must becompleted in order. This part will be available whien you complete the part above. Question Part Secre /4.75 (d) The parts of this question must be completed in order. This part will be available when you complete the part above. Question Part Score +14.75