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Sunland Lure Co. purchased a machine on October 1,2022 for $132,000. It has a $18,600 residual value and a 10 -year useful life. On July

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Sunland Lure Co. purchased a machine on October 1,2022 for $132,000. It has a $18,600 residual value and a 10 -year useful life. On July 1, 2024 the machine sold for $82,600. The company uses the double-declining-balance method of depreciation. The company fiscal year end is December 31. Prepare the journal entries for 2022 through 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem.)

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