Question 4: Owl company purchased a machine for $10,000 on January 1, 2013. The machine is expected to have a 10-year life and no salvage value. Prepare the journal entry for each of the independent cases assuming the sale / disposal of the machine on June 30, 2017:

(a) The machine is sold for $5,500

(b) The machine is sold for $4,800

(c) The machine is sold for $6,400

(d) The machine is abandoned