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On January 2. Bering Company disposes of a machine costing $32,400 with accumulated depreciation of $17,454. Prepare the entries to record the disposal under each separate situotion. 1. The machine is sold for $12,535 cash. 2. The machine is traded in for a new machine having a $48,900 cash price A$15,428 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 $48,900 cash price. A $11,571 trade-in allowance is recelved, and the balance is paid in cash. Assume the assef exchange has commercial substance. Complete this question by entering your answers in the tabs below. The machine is sold for $12,535 cash. Journal entry worksheet Record the sale of the mactine for $12,535 cach. Notel tofer debts liefore credas