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Onslow Company purchased a used machine for $$192,000$ cash on January $2.$ On January $3,$ Onslow paid $$8,000$ to wire electricity to the machine. Onslow paid an additional $$1,600$ on January $4$ to secure the machine for operation. The machine will be used for six years and have a $$23,040$ salvage value. Straight$-$line depreciation is used. On December $31,$ at the end of its fifth year in operations, it is disposed of$.$

$3.$ Prepare journal entries to record the machine's disposal under each separate situation: $($a$)$ it is sold for $$22,500$ cash and $(b)$ it is sold for $$90,000$ cash.

$\backslash$table$[[,$No$,$Date,General Journal,Debit,Credit$],[i,1,$December $31,$Cash,$22,500,],[,,$Loss on sale of machinery,,$],[,,$Accumulated depreciation$-$Machinery,,$],[,,$Machinery,,$],[,,,,],[,2,$December $31,$Cash,,$],[,,$Accumulated depreciation$-$Machinery,,$],[,,$Machinery,,$],[,,$Gain on sale of machinery,,$]]$