Part J Dispesal of Depreciable Asets On January 1,2017 Madison Co purchased a machine for $600,000. The machine has a useful life of 5 years, and a residual (salvage) value of $100,000. Madison Co, uses the straight-line method to account for its depreciation On January 1, 2019 Madison Co. sells the machine. Please provide the joumal entries that Madison will record in relation to the sale under each of the different scenarios: (a) Madison Co.receives $400,000 in cash for the machine on Jamary 1,2019. Write Joumal Entry Show Work Here: b) Madison Co. receives $407,812 in cash for the machinc on Jamuary 1,2019. Write Jounal Entry Show Work Here (c)Madison Co. receives S299,999 in cash for the machine on January 1, 2019 Write Jourmal Entry Show Work Here