Diaz Company owns a machine that cost $125,300 and has accumulated depreciation of $92,900. Prepare the entry to record the disposal of the machine on January 1 in each seperate situation.

1. The machine needed extensive repairs and was not worth repairing. Diaz disposed of the machine, receiving nothing in return.
2. Diaz sold the machine for $16,900 cash.
3. Diaz sold the machine for $32,400 cash.
4. Diaz sold the machine for $40,500 cash.