Flint Company has an old factory machine that cost $61,750. The machine has accumulated depreciation of $34,580. Flint has decided to sell the machine.

(a)		Prepare a tabular summary to record the sale of the machine for $30,875 cash.
(b)		Prepare a tabular summary to record the sale of the machine for $18,525 cash.

Cullumber Company purchased a new machine on October 1, 2017, at a cost of $90,400. The company estimated that the machine has a salvage value of $7,760. The machine is expected to be used for 71,800 working hours during its 8-year life.