9. (14 Points) A company purchased and installed a machine on January 1, 2015, at a total cost of $72,000. Straight-line depreciation was calculated based on the assumption of a five-year life and no salvage value. The machine was disposed of on December 31, 2018. Prepare the general journal entry to record the disposal of the machine under each of these three independent situations (1) The machine was sold for $22,000 cash. (2) The machine was sold for $14,400 cash. (3) The machine was totally destroyed in a fire and the insurance company settled the claim for $12,000 cash. nswer