Diaz Company owns a machine that cost $126,400 and has accumulated depreciation of $90.800. 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 $17,400cash. 3. Diaz sold the machine for $35,600 cash 4. Diaz sold the machine for $40,000 cash