On $1$ July $2019,$ Yellow Ltd paid $$130,000$ cash to acquire a machine. On this date it was estimated that the machine had a useful life of five years and a residual value of $$10,000.$ In accordance with AASB $116$ Property, Plant and Equipment, Yellow Ltd uses the revaluation model as its accounting policy to measure items of property, plant and equipment and the straight$-$line method of depreciation. Yellow Ltd has a $30$ June reporting date.

An independent valuer provided the following fair values for the machine:

Reporting date

Fair value

$30$ June $2020$

$$86,000$

$30$ June $2021$

$79,000$

$30$ June $2022$

$70,000$

On $1$ November $2022,$ the machine was sold for $$55,000$ cash.

Required

Prepare the journal entries to account for the events and transactions in relation to the machine between $1$ July $2019$ and $1$ November $2022.$ Round all amounts to the nearest whole dollar.