Manley Corporation purchased a machine on January 1, 2018 for a total price of $135,000. The machine was expected to last for six years and would have a residual value of $15,000. Manley has a year-end of December 31 and uses the Straight-Line Method of depreciation. A full year's depreciation is taken in the year of purchase and sale Required 1 Assume Manley sells the machine on December 31, 2020 for a total of $68,000 Prepare the entry 2. Assume Manley sells the machine on December 31, 2022 for a total of $37,500 Prepare the entry