Save Assume Westwood Manufacturing bought three machines in a $85,000 lump-sum purchase. An independent appraiser valued the machines as follows: E (Click the icon to view the valuation.) Westwood paid one-third in cash and signed a note payable for the remainder. What is each machine's individual cost? Immediately after making this purchase, Westwood sold machine 2 for its appraised value. What is the result of the sale? Prepare the journal entry to record the sale. Westwood paid one-third in cash and signed a note payable for the remainder. What is each machine's individual cost? (Round the proportions to three decimal places. Round your final costs answers to the nearest whole dollar.) Machine 1's cost is $ 23550 Valuation - Machine Number Appraised Value 1 $ 27,500 44000 2 3 37,000 Print Done