1. Record the disposition of the equipment assuming the following independent situations: a. Ferguson Industries discarded the equipment, receiving $0. b. Ferguson Industries sold the equipment for $6,000 cash. c. Ferguson Industries traded the equipment in on a new piece of equipment costing $55,000. Ferguson Industries was granted a $5,500 trade-in allowance for the old equipment and paid the difference in cash. 1. Record the disposition of the equipment assuming the following independent situations: a. Ferguson Industries discarded the equipment, receiving $0. b. Ferguson Industries sold the equipment for $6,000 cash. c. Ferguson Industries traded the equipment in on a new piece of equipment costing $55,000. Ferguson Industries was granted a $5,500 trade-in allowance for the old equipment and paid the difference in cash. d. Ferguson traded the equipment in on a new piece of equipment costing $43,000. Ferguson Industries was granted a $1,500 trade-in allowance for the old equipment and signed a note payable for the difference