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Culver Company has an old factory machine that cost $64,500. The machine has accumulated depreciation of $36,120. Culver has decided to sell the machine. (a)

Culver Company has an old factory machine that cost $64,500. The machine has accumulated depreciation of $36,120. Culver has decided to sell the machine. (a) Prepare a tabular summary to record the sale of the machine for $32,250 cash. (b) Prepare a tabular summary to record the sale of the machine for $19,350 cash.

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Assets Liabilities + Stockholders' Equity Retained Earnings Cash + Equipmen nt Accum. Depr. - Equip. + Common Stock Revenue ExpenseDividend Bal. 3612 3225 32 Gain on disposalM Assets Liabilities + Stockholders' Equity Retained Earnings Cash + Equipmen nt Accum. Depr. - Equip. + Common Stock Revenue ExpenseDividend Bal. 3612 1935 19 Loss on disposal Click if you would like to Show Work for this question: Open Show Work

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