Lime Company disposed of used machinery that originally cost $80,000 and at the time of disposal carried accumulated depreciation of $70,000. RequiredPrepare the journal entry Lime should have made to record the disposal under each of the following independent assumptions: 1. The machine was destroyed in a plant accident. 2. The machine was damaged in a plant accident; it was not insured, but Lime was able to sell it as is for $11,000 after paying $500 to have it delivered to the buyer. 3. The machine was damaged in a plant accident; it was not insured, but Lime was able to sell it as is for $9,000 after paying $500 to have it delivered to the buyer.