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Vita Water purchased a used machine for $117,200 on January 2, 2020. It was repaired the next day at a cost of $4,900 and installed on a new platform that cost $1,700. The company predicted that the machine would be used for six years and would then have a $32,720 residual value. Depreciation was to be charged on a straight-line basis to the nearest whole month. A full year's depreciation was recorded on December 31, 2020. On September 30, 2025, it was retired. Required: 1. Prepare journal entries to record the purchase of the machine, the cost of repairing it, and the installation. Assume that cash was paid. View transaction list Journal entry worksheet 2 3 Record purchase of machine Note: Enter debits before credits Debit General Journal Credit Date Jan 02, 2020 Journal entry worksheet Record the sale of machine for $35,000 Note: Enter debits before credits Debit Credit General Journal Date Sep 30, 2025 View general journal Clear entry Record entry b. It was sold for $38,000. View transaction list Journal entry worksheet