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Assume Oakwood Manufacturing bought three machines in a $$95,000$ lump$-$sum purchase. An independent appraiser valued the machines as follows:

$($Click the icon to view the valuation.$)$

Oakwood paid one$-$third in cash and signed a note payable for the remainder. What is each machine's individual cost? Immediately after making this purchase, Oakwood sold machine $2$ for its appraised value. What is the result of the sale? Prepare the journal entry to record the sale.

Oakwood paid one$-$third in cash and signed a note payable for the remainder. What is each machine's individual cost? $($Round the proportions to three decimal places. Round your final co answers to the nearest whole dollar.$)$

Machine $1\text{'}$s cost is $$0\mathrm{.}212.$

Machine $2\text{'}$s cost is $$0\mathrm{.}425.$

Machine $3\text{'}$s cost is $$0\mathrm{.}363.$

Immediately after making this purchase, Oakwood sold machine $2$ for its appraised value. What is the result of the sale? $($Round your answer to nearest dollar.$)$

The result of the sale is a of :

Prepare the journal entry to record the sale. $($Record debits first, then credits. Explanations are not required.$)$

Valuation ${?}^{\text{u}\text{a}\text{r}\text{r}}$

$\backslash$table$[[$Date$,$Accounts,Debit,Credit$],[,$Cash,$48,000,2],[,$Gain on sale of machinery,,$7625],[,$Machine number $2,,40,375],[,,,]]$

$\backslash$table$[[,\backslash$table$[[$Machine$],[$Number$]],\backslash$table$[[$Appraised$],[$Value$]]],[1,$$$,24,000],[2,,48,000],[3,,41,000]]$

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