Diaz Company owns a machine that cost $126,000 and has accumulated depreciation of $90,400. 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 $16,900 cash. 3. Diaz sold the machine for $35,600 cash. 4. Dlaz sold the machine for $41,400 cash. 1 Record the disposal of the machine receiving nothing in return. 2. Record the sale of the machine for $16,900 cash. 3 Record the sale of the machine for $35,600 cash