Diaz Company owns a machine that cost $250,000 and has accumulated depreciation of $182,000. 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 $35,000 cash.

3. Diaz sold the machine for $68,000 cash.

4. Diaz sold the machine for $80,000 cash.

\begin{tabular}{|c|c|c|c|c|c|} \hline No & Date & \multicolumn{2}{|c|}{ General Journal } & Debit & Credit \\ \hline \multirow[t]{3}{*}{1} & January 01 & Accumulated depreciation-Machine & 2 & 182,000 & \\ \hline & & Loss on disposal of machine & 2 & 68,000 & \\ \hline & & Machine & 2 & & 250,000 \\ \hline \multirow[t]{4}{*}{2} & January 01 & Accumulated depreciation-Machine & 2 & 182,000 & \\ \hline & & Cash & 2 & 35,000 & \\ \hline & & Loss on sale of machine & & 33,000 & \\ \hline & & Machine & 2 & & 250,000 \\ \hline \multirow[t]{4}{*}{3} & January 01 & Accumulated depreciation-Machine & 2 & 182,000 & \\ \hline & & Cash & 2 & 68,000 & \\ \hline & & Gain on sale of machine & & 12,000 & \\ \hline & & Machine & x & & 250,000 \\ \hline \multirow[t]{5}{*}{4} & January 01 & Accumulated depreciation-Machine & & 182,000 & \\ \hline & & Cash & & 80,000 & \\ \hline & & Gain on sale of machine & 2 & 170,000x & \\ \hline & & Gain on disposal of machine & & 1,000 & \\ \hline & & Machine & x & & 170,000 \\ \hline \end{tabular}