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Assume Eastwood Manufacturing bought three machines in a $90,000 lump-sum purchase. An independent appraiser valued the machines as follows: Click the icon to view the

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Assume Eastwood Manufacturing bought three machines in a $90,000 lump-sum purchase. An independent appraiser valued the machines as follows: Click the icon to view the valuation) Eastwood paid one-third in cash and signed a noto payable for the remainder. What is each machine's individual cost? Immediately after making this purchase, Eastwood sold machine 2 for its appraised value What is the result of the salo? Prepare the journal entry to record the sale. Eastwood paid one-third in cash and signed a note payable for the remainder What is each machine's Individual cost? (Round the proportions to three decima places. Round your final costs answers to the nearest whole dollar.) Machine 1's cost is s Enter your answer in the answer box and then click Check Answer 4 ans remaining COSTA CA o mwood paid one-third in cash and signed a note payable for the remainder What is each machine's individual cost? Immediately wood sold machine 2 for its appraised value. What is the result of the sale? Prepare the journal entry to record the sale. wood paid one third in cash and signed a note pale for the comainder. What is cach.machine's individual cast? (Round the p 3. Round your final costs answers to the ne me 1's cost is $ - Valuation Machine No. Appraised Value 1 $ 28,000 47,000 40,000 Print Done answer in the answer box and then click Check Answer. ing Clear

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