Journalize the following transactions for the Rox Company and show all calculations:

201X

Jan. 1 Sold a truck for $1,100 that cost $6,200 and had accumulated depreciation of $5,700.

Feb. 10 A machine costing $3,100 with accumulated depreciation of $2,450 was destroyed in a fire. The insurance company settled the claim for $250.

May 1 Traded in a machine costing $16,550 with $13,500 of accumulated depreciation for a new machine costing $25,000 with a trade-in allowance of $2,700. Note that depreciation is up-to-date. The loss is to be recognized.

July 8 Traded in a machine costing $44,000 with $30,000 of accumulated depreciation (which is up-to-date) for a new machine for a cash price of $46,000 and a trade-in allowance of $16,500.

Aug. 9 Journalize the May 1 transaction using the income tax method.

Sept. 12 A truck costing $7,000 and fully depreciated was disposed of.