Required information The following information applies to the questions displayed below) Onslow Company purchased a used machine for $192.000 cash on January 2 On January 3, Onslow paid $6,000 to wire electricity to the machine Onslow paid an additional $1.200 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 suntion is sold for $23,000 cash and fortis sold for $92,000 cash View con la Journal entry worksheet 2 Record the sale of the used machine for $22.000 cash