A manufacturing company purchased a new machine on 1 July 2021 for R230 000 VAT inclusive to be used in a process of manufacturing. The machine was sold on 1 January 2023 for R115 000 VAT inclusive. The financial year end of the company is 30 June and they depreciate machinery at 20% per year on a straight-line basis. Do the general journal entries for the above transaction for the 2023 financial year. Calculate the effect the above transaction