Rayya Company purchases a machine for $$126,000$ on January $1,2021.$ Straight$-$line depreciation is taken each year for four years assuming a seven$-$year life and no salvage value. The machine is sold on July $1,2025,$ during its fifth year of service.

Prepare entries to record the partial year's depreciation on July $1,2025,$ and to record the sale under each separate situation. $(1)$ The machine is sold for $$54,000$ cash. $(2)$ The machine is sold for $$43,200$ cash.

$\backslash$table$[[$View transaction list,View journal entry worksheet$],[,$No$,$Date,General Journal,,Debit,Credit$],[i,1,$July $01,2025,$Depreciation expense$-$Machinery,,,$],[,,$Accumulated depreciation$-$Machinery,,,$],[,,,,,],[>,2,$July $01,2025,$Cash,$*,,],[,,$Accumulated depreciation$-$Machinery,,,$],[,,$Machinery,,,$],[,,$Gain on sale of machinery,,,$+],[i,3,$July $01,2025,$Cash,,,$],[,,$Accumulated depreciation$-$Machinery,,,$],[,,$Loss on sale of machinery,,,$],[,,$Machinery,,,$]]$