A machine on the ledger of Mitchell Co. was booked at an original cost of $250,000. Accumulated depreciation on the machine at December 31 was $140,000. The asset disposal/sale took place 3 months into the new year on March 31. Journalize the entry to record $10,000 of depreciation for the three months up to the assets removal from the books on March 31. Date Description Post Debit Credit 1 1 2 2 If the machine were dumped as worthless on March 31, the entry to record the disposal would be: Date Description Post Debit Credit 1 1 2 2 3 3 4 4 If the machine were sold for $120,000 cash on March 31, the entry to record the disposal would be: Date Description Post Debit Credit 1 2 3 4 5 1 2 3 4 5