3 On January 2, 2023, Direct Shoes Inc. disposed of a machine that cost $88,000 and had been depreciated $47,650. Present the journal entries to record the disposal under each of the following unrelated assumptions: a. The machine was sold for $36,500 cash. pints View transaction list Journal entry worksheet < 1 Record the sale of machine. Note: Enter debits before credits. Date January 02 2023 General Journal Debit Credit > Assignment #8 - Ch 9 (2.5%) 3 Saved Help Save & Exit Sub b. The machine was traded in on new tools having a $125,000 cash price. A $44,000 trade-in allowance was received, and the balance was paid in cash. Since the tools have been customized, the fair values are not known. 18 points View transaction list Journal entry worksheet < 1 Record the exchange of machine. Assignment #8-Ch 9 (2.5%) 3 Seved c. The machine plus $72,000 was exchanged for a delivery van having a fair value of $108,000 18 View transaction list Journal entry worksheet points < 1 Record the exchange of machine. Note: Enter debits before credits. Date January 02, 2023 General Journal Debit Credit > Help Save & Exi Assignment #8-Ch 9 (2.5%) 0 3 Seved Help Save & Exit Subn d. The machine was traded for vacant land adjacent to the shop to be used as a parking lot. The land had a fair value of $79,000, and Direct Shoes Inc. paid $29,000 cash in addition to giving the seller the machine 18 points View transaction list Journal entry worksheet. Record the exchange of machine. Note: Enter debits before credits Date January 02, 2023 General Journal Debit Credit