Your answer is partially correct. Try again. Blue Company has an old factory machine that cost $60,500. The machine has accumulated depreciation of $33,880. Blue has decided to sell the machine. (a) Prepare a tabular summary to record the sale of the machine for $30,250 cash (b) Prepare a tabular summary to record the sale of the machine for $18,150 cash (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount (a) = Liabilities + Stockholders' Equity Assets Retained Earnings Equipment - Accum. Depr. - Equip. = + Common Stock +Revenue Cash Expense- Dividend Bal (33880) 60500 30250 Gain on disposal 3630