Consider each of the transactions below independently. All of the expenditures were made in cash. 1. During 2020, PC Software Inc, developed a new personal computer database management software package. Total expenditures on the project were $300,000, of which 30% occurred before the technological feasibility of the product had been established. 2. Xon Corporation paid $50,000 to complete overhaul of the plumbing system (old costs unknown). 3. The Johnson Company disposed of an old machine with an original cost of $8,000 and a book value of $4,000 and received $3.000. Required: Prepare journal entries to record each of the above transactions. Note: You may create a table as follows to organize your journal entries. Date Account titles Debit Credit 1 Cash 10.000 Sales Revenue 10,000