Diaz Company owns a machine that cost $125,600 and has accumulated depreciation of $93.400. 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 $16,100 cash. 3. Diaz sold the machine for $32,200 cash. 4. Diaz sold the machine for $40,500 cash, View transaction list Journal entry worksheet