Sales of Plant Assets 10.26 Company S purchases a machine for $10,000 on January 1, 19X1. The machine is expected to have a 10-year life and no salvage value. Prepare the journal entry for each of the following independent cases involving the machine's disposal on January 1, 19X5. (a) The machine is sold for $6,000. (b) The machine is sold for $5,200. (c) The machine is sold for $6,400. (d) The machine is abandoned.