Required information Answer is not complete.

Problem $8-6$A $($Static$)$ Disposal of plant assets LO C$1,$ P$1,$ P$2$

$[$The following information applies to the questions displayed below.$]$

Onslow Company purchased a used machine for $$178,000$ cash on January $2.$ On January $3,$ Onslow paid $$2,840$ to wire

electricity to the machine. Onslow paid an additional $$1,160$ on January $4$ to secure the machine for operation. The

machine will be used for six years and have a $$14,000$ salvage value. Straight$-$fine depreciation is used. On December $31,$

at the end of its fifth year in operations, it is disposed of$.$

Problem $8-6$A $($Static$)$ Part $3$

Prepare journal entries to record the machine's disposal under each separate situation: $($a$)$ it is sold for $$15,000$ cash and $($b$)$ it is sold

for $$50,000$ cash.

Answer is not complete.