Emirates Engineering Company (EEC) bought a copying machine on 1 January 2019 at cost of $50,000. It has an expected useful life of 10 years and no residual value. On 30 Septemer2021 EEC decides to sell the machine and starts actions to locate a buyer. This kind of machines are in short supply, so EEC is confident that the machine will be sold fairly quickly. Its market value on 30 September 2021 is $33,750. It will cost $1,250 to. dismantle the machine and make it available for the purchaser. The machine has not been sold at the year end. Required: 1. At what value the machine will be stated in Emirates Engineering Company's statement of financial position at 31 December 2021? 2. State exactly where it will appear in the statement of financial position. 3. What amount/s will appear in the statement of profit or loss in respect of this machine in the statement of profit or loss for the year ended 31 December 2021