On January 2, Bering Co. disposes of a machine costing $35,200 with accumulated depreciation of $18,962. Prepare the entries to record the disposal under each separate situation.1. The machine is sold for $13,619 cash.2. The machine is traded in for a new machine having a $51,700 cash price. A $16.762 trade-in allowance is received, and the balance is paid in cash. Assume the asset exchange has commercial substance.3. The machine is traded in for a new machine having a $51700 cash price. A $12,571 trade-in allowance is received, and the balance is paid in cash. Assume the asset exchange has commercial substance.Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 The machine is sold for $13,619 cash. View transaction list Journal entry worksheet 1 Record the sale of the machine for $13,619 cash. Note: Enter debits before credits General Journal Debit Credit Date Jan 02 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 The machine is sold for $13,619 cash. View transaction list Journal entry worksheet < 1 Record the sale of the machine for $13,619 cash. Note: Enter debits before credits General Journal Debit Credit Date Jan 02 Record entry Clear entry View general Journal < Prey 33 of 38 C W Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 The machine is traded in for a new machine having a $51,700 cash price. A $16,762 trade-in allowan paid in cash. Assume the asset exchange has commercial substance. View transaction list Journal entry worksheet 1 Record the exchange assuming that the exchange has commercial substance. Note: Enter debits before credits General Journal Debit Credit Date Jan 02 Record entry Clear entry View general journal < Prev 33 of 38 C W vulu Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 The machine is traded in for a new machine having a $51,700 cash price. A $12,571 trade-in allowance paid in cash. Assume the asset exchange has commercial substance. View transaction list Journal entry worksheet 1 Record the exchange assuming that the exchange has commercial substance. Note: Enter debits before credits General Journal Debit Credit Date Jan 02 Record entry Clear entry View general journal < Prey 33 of 38 W