Sale of Machinery Raine Company has a machine that originally cost $238,000. Depreciation has been recorded for five years using the straight-line method, with a $17,500 estimated salvage value at the end of an expected nine-year life. After recording depreciation at the end of the fifth year, Raine sells the machine. a. Calculate the book value of the machine at the end of five years. $ 0 b. Calculate the gain/loss on the sale of the machine for: i. $129,500 cash. $ 0 ii. $115,500 cash. $ 0 iii. $98,000 cash. $ 0 Enter losses using negative numbers. Sale of Machinery Raine Company has a machine that originally cost $238,000. Depreciation has been recorded for five years using the straight-line method, with a $17,500 estimated salvage value at the end of an expected nine-year life. After recording depreciation at the end of the fifth year, Raine sells the machine. a. Calculate the book value of the machine at the end of five years. $ 0 b. Calculate the gain/loss on the sale of the machine for: i. $129,500 cash. $ 0 ii. $115,500 cash. $ 0 iii. $98,000 cash. $ 0 Enter losses using negative numbers.