Assume Westwood Manufacturing bought three machines in a $105,000 lump-sum purchase. An independent appraiser valued the machines as follows: B (Click the icon to view the valuation.) Westwood paid one-third in cash and signed a note payable for the remainder. What is each machine's individual cost? Immediately after making this purchase, Westwood sold machine 2 for its appraised value. What is the result of the sale? Prepare the journal entry to record the sale. Westwood 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 decimal places. Round your final costs answers to the nearest whole dollar.) Machine 1's cost is $ 21589 Machine 2's cost is $ 46121 Machine 3's cost is $ 37290 Immediately after making this purchase, Westwood sold machine 2 for its appraised value. What is the result of the sale? (Round your answer to nearest dollar.) The result of the sale is a gain of $ 879 Prepare the journal entry to record the sale. (Record debits first, then credits. Explanations are not required.) Journal Entry Date Accounts Debit Credit 105000 X i Valuation Machine No. Appraised Value 1 $ 22,000 47,000 2. 3 38,000 Print Done Assume Westwood Manufacturing bought three machines in a $105,000 lump-sum purchase. An independent appraiser valued the machines as follows: B (Click the icon to view the valuation.) Westwood paid one-third in cash and signed a note payable for the remainder. What is each machine's individual cost? Immediately after making this purchase, Westwood sold machine 2 for its appraised value. What is the result of the sale? Prepare the journal entry to record the sale. Westwood 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 decimal places. Round your final costs answers to the nearest whole dollar.) Machine 1's cost is $ 21589 Machine 2's cost is $ 46121 Machine 3's cost is $ 37290 Immediate machine 2 for its appraised value. What is the result of the sale? (Round your answer to nearest dollar.) bits first, then credits. Explanations are not required.) The result Accumulated Depreciation Cash Prepare th Depreciation expense Gain on sale of machinery Loss on sale of machinery Date Machine no. 1 Machine no. 2 Machine no. 3 Note payable Debit Credit 105000