On January 2, 2020, Direct Shoes Inc. disposed of a machine that cost $86,000 and had been depreciated $46,450. Present the journal entries to record the disposal under each of the following unrelated assumptions:

a. The machine was sold for $34,500 cash.

b. The machine was traded in on new tools having a $121,000 cash price. A $42,000 trade-in allowance was received, and the balance was paid in cash. Since the tools have been customized, the fair values are not known.

c. The machine plus $70,000 was exchanged for a delivery van having a fair value of $106,000.

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 $77,000, and Direct Shoes Inc. paid $27,000 cash in addition to giving the seller the machine.