Diaz Company owns a milling machine that cost$125,600 and has accumulated depreciation of $ 94,900.prepare the entry to record the disposal of the milling machine on January 3 under each of the following independent situations.

1.The machine needed extensive repairs, and it 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 $ 30,700 cash

4.Diaz sold the machine for $ 41,700 cash