Check my wor Required information Problem 8-6A (Algo) Disposal of plant assets LO C1, P1, P2 The following information applies to the questions displayed below) Onslow Co purchased a used machine for $144,000 cash on January 2. On January 3, Onslow paid $10,000 to wire electricity to the machine and an additional $2,000 to secure it in place. The machine will be used for six years and have a $17.280 salvage volue Straight line depreciation is used, On December 31, at the end of its fifth year in operations, it is disposed of Problem 8-6A (Algo) Part 3 3. Prepare journal entries to record the machine's disposal under each separate situation: () it is sold for $22,500 cash and (otis sold for $90,000 cash View transaction list Journal entry worksheet 1 2 Record the sale of the used machine for $22.500 cash. Nardhits before credits