Help 9 1112 po On January 2, Bering Co, disposes of a machine costing $59.600 with accumulated depreciation of 532106. Prepare the entries to record the disposal under each separate situation 1. The machine is sold for $23.059 cash. 2. The machine is traded in for a new machine having a $76,100 cash price. A $28,381 trade in allowance is received and the balance is paid in cash. Assume the asset exchange has commercial substance 3. The machine is traded in for a new machine having a $76,100 cash price. A $21.286 trade in allowance is recelved, and the balance is paid in cash. Assume the asset exchange has commercial substance - Font Complete this question by entering your answers in the tabs below. Print Reference