The following information applies to me questions red below) Onslow Co purchased a ted machine for $240 000 cash on January 2 on January 3 Onslow paid $8,000 to wire electricity to the machine and an additional $1600 to secure in place the machine will be used for six years and have a $20.000 salvage value Straight line depreciation is used on December at the end of its fit your in operations. It is posed of Part 3. Prepare journal entries to record the machine sposal under each separate situation is sold for $22.500 sol for 590.000 cash and fatis destroyed in re and the insurance company pay $33.000 cash to see the loss claim Required information Credit No 1 Date Dec 31 General Journal Cash Accumulated deprecation Machinery Loss on sale of machinery Dehit 22 500 35.200 41.500 OOO OOO 2 Dec 31 Cash Autod der Machinery Galinin sofaery Machy 90,000 25.200 25.000 OOO a Daca CA Ameron Mac Los from Mac OO 23.000 52000 DOC OOO