Onslow Company purchased a used machine for $$144,000$ cash on January $2.$ On January $3,$ Onslow paid $$8,000$ to wire electricity to the machine. Onslow paid an additional $$1,600$ on January $4$ to secure the machine for operation. The machine will be used for six years and have a $$17,280$ salvage value. Straight$-$line depreciation is used. On December $31,$ at the end of its fifth year in operations, it is disposed of$.-$Record the sale of the used machine for $$24,500$ cash.