follows: Assume Southwood Manufacturing bought three machines in a $100,000 lump-sum purchase. An independent appraiser valued the machines as (Click the icon to view the valuation.) Southwood paid one-third in cash and signed a note payable for the remainder. What is each machine's individual cost? Immediately after making this purchase, Southwood sold machine 2 for its appraised value. What is the result of the sale? Prepare the journal entry to record the sale. Southwood paid one-third in cash and signed a note payable for the remainder. What is each machine's individual cost? (Round the proportions to three decimal places. Round your final costs answers to the nearest whole dollar.) Machine 1's cost is $ Machine 2's cost is $ Machine 3's cost is $ Immediately after making this purchase. Southwood sold machine 2 for its appraised value. What is the result of the sale? (Round your answer to nearest dollar) The result of the sale is a ots Prepare the journal entry to record the sale. (Record debits first, then credits. Explanations are not required.) * Valuation Accounts Journal Entry Date Debit Credit Machine No. Appraised Value 1 2 22,000 42,000 37.000 3 Print Done