Saturn Co. purchases a used machine for $192,000 cash on January 2 and readies it for use the next day at an $10,000 cost. On January 3, it is installed on a required operating platform costing $2,000, and it is further readied for operations. The company predicts the machine will be used for six years and have a $23,040 residual value. Depreciation is to be charged on a straight-line basis. On December 31, at the end of its fifth year in operations, it is disposed of value: 16.66 points Required: 1. Prepare journal entries to record the machine's purchase and the costs to ready and install it. Cash is paid for all costs incurred. (Omit the "$" sign in your response.) Date General Journal Machinery purchase cost Jan. 2 Machinery Cash Preparation cost Jan. 3 Machinery Cash Operating platform cost Jan. 3 Machinery Cash