Diaz Company owns a machine that cost $126,500 and has accumulated depreciation of $94,000. 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 $15,900 cash.
3. Diaz sold the machine for $32,500 cash.
4. Diaz sold the machine for $41,600 cash.