On January 2, Bering Company disposes of a machine costing $51,000 with accumulated depreciation of $27,473. Prepare the entries to record the disposal under each separate situation. 1. The machine is sold for $19,732 cash. 2. The machine is traded in for a new machine having a $67,500 cash price. A $24,286 trade-in allowance is received, and the balance is paid in cash. Assume the asset exchange has commercial substance. 3. The machine is traded in for a new machine having a $67,500 cash price. A $18,214 trade-in allowance is received, and the balance is paid in cash. Assume the asset exchange has commercial substance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 The machine is sold for $19,732 cash. View transaction st Journal entry worksheet < 1 Record the sale of the machine for $19,732 cash. Note: Enter debts before credits Ciate January 02 General Journal Debit Credit