19 points eBook Diaz Company owns a machine that cost $125,300 and has accumulated depreciation of $93,200. Prepare the entry to record the disposal of the machine on January 1 in each separate situation. 1. The machine needed extensive repairs and was not worth repairing. Diaz disposed of the machine, receiving nothing in return. 2. Diaz sold the machine for $15,700 cash. 3. Diaz sold the machine for $32,100 cash. 4. Diaz sold the machine for $41,200 cash. View transaction list View journal entry worksheet General Journal Debit Credit 93,200 32,100 Hint References No 1 Date January 01 Loss on disposal of machine 2 January 011 Cash Accumulated depletion Loss on disposal of machine 3 January 01 Cash Accumulated depletion 15,700 93,200 16,400 32,100 32,100 4 January 01 Cash 41,200 Accumulated depletion 93.200 Gain on disposal of machine 10,000