Diaz Company owns a machine that cost $125,600 and has accumulated depreciation of $92.200. 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 $15,700 cash. 3. Diaz sold the machine for $33,400 cash. 4. Diaz sold the machine for $41,300 cash. View transaction list Journal entry worksheet 1 2