Exercise 8-17 (Algo) Disposal of assets LO P2 Diaz Company owns a machine that cost $125,600 and has accumulated depteciation or $94,000. Fiepare 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 $17,300 cash 3. Diaz sold the machine for $31,600 cash 4. Diaz sold the machine for $41,900 cash Journal entry worksheet Record the disposal of the machine receiving nothing in return. Notes finter detis tiefore crodich