A company purchased a machine in Year 1 at a cost of $40,800. The machine was sold for $3,900 in Year 4. Depreciation recorded through the disposal date totaled $35,000. (1) Prepare the journal entry to record the sale. (2) Now assume the machine was sold for $12.700, prepare the journal entry to record the sale. Note: If no entry is required for a transoction/event, select "No journal entry required" in the first account field