Diaz Company owns a machine that cost $$125,000$ and has accumulated depreciation of $$94,600.$ Prepare the entry to record the disposal of the machine on January $1$ in each separate situation.

The machine needed extensive repairs and was not worth repairing. Diaz disposed of the machine, receiving nothing in return.

Diaz sold the machine for $$17,000$ cash.

Diaz sold the machine for $$30,400$ cash.

Diaz sold the machine for $$40,500$ cash.