Marriott International is a worldwide operator and franchisor of hotels and related lodging facilities totalling over $3.4 billion in property and equipment. It also develops, operates, and markets time-share properties totalling nearly $3.5 billion. Assume that Marriott replaced furniture that had been used in the business for five years. The records of the company reflected the following regarding the sale of the existing furniture:

Furniture (cost) $9, 000, 000 Accumulated depreciation 8, 450, 000 Required: 1. Prepare the journal entry for the disposal of the furniture, assuming that it was sold for: a. $550,000 cash b. $1,700,000 cash c. $300,000 cash (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.)