Vita Water purchased a used machine for $121,100 on January 2, 2020. It was repaired the next day at a cost of $8,750 and installed on a new platform that cost $1,750. The company predicted that the machine would be used for six years and would then have a $17,120 residual value. Depreciation was to be charged on a straight-line basis to the nearest whole month. A full year's depreciation was recorded on December 31, 2020. On September 30, 2025, it was retired. Required: 1. Prepare journal entries to record the purchase of the machine, the cost of repairing it, and the installation. Assume that cash was paid. View transaction list Journal entry worksheet 2 3 Record purchase of machine. Note: Enter debits before credits. Date Jan 02, 2020 General Journal Debit Credit Record entry Clear entry View general journal 2. Prepare entries to record depreciation on the machine on December 31 of its first year and on September 30 in the year of its disposal. (Round intermediate calculations to the nearest whole dollar.) 3. Prepare entries to record the retirement of the machine under each of the following unrelated assumptions: a. It was sold for $18,000. View transaction list Journal entry worksheet < 1 Record the sale of machine for $18,000. Note: Enter debits before credits. Date Sep 30, 2025 General Journal Debit Credit Record entry View general journal Clear entry b. It was sold for $25,000. View transaction list Journal entry worksheet 1 Record the sale of machine for $25,000. c. It was destroyed in a fire and the insurance company paid $23,000 in full settlement of the loss claim. View transaction list Journal entry worksheet Record the disposal of machine on full settlement by insurance company. Note: Enter debits before credits. Date Sep 30, 2025 General Journal Debit Credit Record entry Clear entry View general journal