On 1 July 2020 Gladstone Ltd paid $195,000 cash to acquire a machine. On this date it was estimated that the machine had a uselul life of six years and a residual value of $15,000. In accordance with AASB 116 Property, Plont and Equipment, Gladstone Ltd uses the revaluation model as its accounting policy to measure items of property. plant and equipment and the straight-line method of depreciation. Gladstone Ltd has a 30 June reporting date. An independent valuer provided the following fair values for the machine: On 1 April 2024, the machine was sold for $75,000 cash. Required Prepare appropriate journal entries to account for the events and transactions in relation to the machine between 1 July 2020 and 1 April 2024. Round all amounts to the nearest whole dollar