Ouestion $4(36$ marks$)$ Part I Apple Company bought a used machine for use in operations from Dark Moon Company on $1$ January $2025.$ To acquire it$,$ Apple Company borrowed $\backslash (\backslash$$ $100,000\backslash )$ from a local bank, signing a $\backslash (6\backslash \%\backslash )$ one$-$year note payable and making a cash down payment for the rest. The following expenditures were associated with the purchase: $-$ The list price of the used machine was $\backslash (\backslash$$ $130,000\backslash ).$ Apple Company got $\backslash (10\backslash \%\backslash )$ discount from Dark Moon Company. $-$ Installation costs were $\backslash (\backslash$$ $3,000\backslash ).-$ Transportation charges were $\backslash (\backslash$$ $2,000\backslash ).-$ Renovation costs prior to use were $\backslash (\backslash$$ $4,000\backslash ).-$ Sales taxes of $\backslash (\backslash$$ $12,000\backslash )$ were paid on the date of purchase. $-$ Interest costs of $\backslash (\backslash$$ $6,000\backslash )$ on borrowed funds were paid to acquire the machine. Required: $($a$)$ Calculate the acquisition cost of the machine. Show your workings. $($b$)$ Prepare the journal entries for the purchase of machine on $1$ January $2025.$ Part II Corey Company purchased a machine on $1$ June $2022$ by paying cash of $\backslash (\backslash$$ $250,000\backslash ).$ The machine has an estimated useful life of five years, with producing $600,000$ units, and an estimated residual value of $\backslash (\backslash$$ $55,000\backslash ).$ The financial year$-$end date is $31$ December and the company adjusts its account monthly. Required: $($a$)$ Complete the depreciation schedule $($as below$)$ for EACH of the following depreciation methods: $($i$)$ straight$-$line method $($half$-$year convention$)($ii$)\backslash (150\backslash \%\backslash )-$declining balance method $($to the nearest whole month$)($iii$)$ Unit$-$of$-$production method $(120,000$ units in $2022$ and $150,000$ units in $2023)(24$ marks$)($b$)$ On $1$ July $2024,$ the company disposed the above machine for $\backslash (\backslash$$ $100,000\backslash ),$ which was settled by cash and notes receivable with equal amounts. Assuming the above straight$-$line method was adopted, prepare journal entries to record the disposal of machine.