The Company owns a machine that cost $$125,100$ and has accumulated depreciation of $$92,700.$ Prepare the entry to record the disposal of the machine on January $1$ in each separate situation.

The machine needed extensive repairs and was not worth repairing. The Company disposed of the machine, receiving nothing in return.

What if they sold the machine for $$15,500$ cash.

What if they sold the machine for $$32,400$ cash.

What if they sold the machine for $$40,200$ cash $.$Record the disposal of the machine receiving nothing in return.