Diaz Company owns a machine that cost $125,500 and has accumulated depreciation of $93,500. Prepare the entry to record the disposal of the machine on January 1 in each separate 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 $16,200 cash.

3. Diaz sold the machine for $32,000 cash.

4. Diaz sold the machine for $40,100 cash.