Windsor Cleaners purchased an automatic dry-cleaning machine from TGF Corporation for $ 148,000 on April 1, 2022. Windsor Cleaners paid $48,000 cash and signed a five-year 10% note for $ 100,000. Interest will be paid on the note each year on March 31 beginning in 2023. The useful life of the machine was 26 years and had a salvage value of $ 25,000. Transportation costs of $ 3,950 to move the machine from Toronto to Windsor were paid by Windsor Cleaners. Windsor Cleaners also paid $2,400 for the living expenses of the TGF installation crew. Solvent, necessary to operate the machine, was purchased for $2,000. Of this amount, $650 of the solvent was used by the installation crew to test the machine and adjust the machine. The Insurance premium paid on the machine for the first year was $ 1,300. Due to poor operating results, the dry-cleaning machine was sold on January 1, 2024, for cash of $ 125,000. Prepare the journal entry to record this sale in the area below. (5 marks) Date Account Debit Credit 1/ 1/ 2024