Singer Jamaica Ltd$.$ purchased a washing machine on January $1,2003$ at a cost of $ $300,000$ that will be disposed of$.$ The residual value was nil. The washing machine was disposed of on June $30,2005$ for $ $165,000$ cash. Depreciation is at a rate of $20\%$ per annum on cost$.$

Requirements:

$1.$ Prepare the Provision for Accumulated Depreciation account. $(5$ Marks$)$

$2.$ Prepare the Depreciation Expense account. $(3$ Marks$)$

$3.$ Prepare the Balance Sheet Extract for the first three $(3)$ years. $(5$ Marks$)$

$4.$ Prepare the Disposal Account showing clearly a profit or loss. $(7$ Marks$)$