On January 2, 2020. Direct Shoes Inc. disposed of a machine that cost $94,000 and had been depreciated $50,250. Present the journal entries to record the disposal under each of the following unrelated assumptions: a. The machine was sold for $42,500 cash. View transaction list Journal entry worksheet Record the sale of machine. Note: Enter debits before credits. General Journal Debit Credit Date January 02, 2020 Record entry Clear entry View general journal b. The machine was traded in on new tools having a $137,000 cash price. A $50,000 trade-in allowance was received, and the balance was paid in cash. Since the tools have been customized, the fair values are not known. View transaction list Journal entry worksheet Record the exchange of machine. Note: Enter debits before credits. General Journal Debit Credit Date January 02, 2020 Record entry Clear entry View general journal c. The machine plus $78,000 was exchanged for a delivery van having a fair value of $114,000. View transaction list Journal entry worksheet Record the exchange of machine. Note: Enter debits before credits. Date General Journal Debit Credit January 02, 2020 Record entry Clear entry View general journal d. The machine was traded for vacant land adjacent to the shop to be used as a parking lot. The land had a fair value of $85,000, and Direct Shoes Inc. paid $35,000 cash in addition to giving the seller the machine. View transaction list Journal entry worksheet Record the exchange of machine. Note: Enter debits before credits. General Journal Debit Credit Date January 02, 2020 Record entry Clear entry View general journal