Lone Pine Company has a machine that originally cost \(\$ 60,000\). Depreciation has been recorded for four years using the straight-line method, with a \(\$ 5,000\) estimated salvage value at the end of an expected ten-year life. After recording depreciation at the end of four years, Lone Pine sells the machine. Prepare the journal entry to record the machine's sale for:

a. \(\$ 39,000\) cash.

b. \(\$ 38,000\) cash.

c. \(\$ 28,000\) cash.