Diaz Company owns a machine that cost $126,800 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 $17,100 cash. 3. Diaz sold the machine for $36,400 cash. 4. Diaz sold the machine for $41,600 cash. Answer is not complete. No Date General Journal 1 January 011 Accumulated depreciation-Building Land improvements 00 Debit Credit 90,400 90,400 36,400 36,400 36,400