3 Ly Company disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following Asset Original Cost Machine A Machine B $30,000 59.200 Residual Value Estimated Life $3,000 3,200 5 years 14 years Accumulated Depreciation (straight-line) $21,600 (4 years) $44,000 (11 years) The machines were disposed of in the following ways: a Machine A: Sold on January 1 for $9,000 cash b Machine B: On January 1, this machine was scrapped with zero proceeds (and zero cost of removal) Required: 1. & 2. Prepare the journal entries related to the disposal of Machine A and B at the beginning of the current year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Answer is not complete.. No Date General Journal 1 January 01 Cash Accumulated Depreciation-Equipment 00 Debit Credit 9,000 21,600 x