Instructions Pacifica Manufacturing retired a computerized metal stamping machine on December 31, 2019. Pacifica sold the machine to another company and did not replace it. The following data are available for the machine: General Journal Cost (installed), 1/1/2014 Residual value estimated on 1/1/2014 Estimated life as of 1/1/2014 $889,000 69,000 10 years 1. Prepare the journal entry to record depreciation expense for December 31, 2019 The machine was sold for $232,000 cash. Pacifica uses the straight-line method of depreciation Required: General Journal Instructions 1. Prepare the journal entry to record depreciation expense for 2019 2. Compute accumulated depreciation at December 31, 2019 3. Prepare the journal entry to record the sale of the machine. PAGE 1 GENERAL JOURNAL IMPACT ON FINANCIAL STATEMENTS BALANCE SHEET INCOME STATEMENT DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY REVENUE EXPENSES NET INCOME Question 2. Compute accumulated depreciation at December 31, 2019. Enter amount as a positive number 3. Prepare the journal entry to record the sale of the machine for December 31, 2019 General Journal Instructions PAGE 1 GENERAL JOURNAL IMPACT ON FINANCIAL STATEMENTS BALANCE SHEET INCOME STATEMENT ACCOUNT TITLE POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY REVENUE EXPENSES NET INCOME