3. [The following information applies to the questions displayed below.] During 2015, Merkley Company disposed of three different assets. On January 1, 2015, prior to their disposal, the accounts reflected the following: Asset Original Cost Residual Value Estimated Life Accumulated Depreciation (straight line) Machine A $ 30,000 $ 3,000 10 years $ 21,600 (8 years) Machine B 45,000 4,000 8 years 30,750 (6 years) Machine C 76,400 6,500 17 years 49,341 (12 years) The machines were disposed of in the following ways: a. Machine A: Sold on January 1, 2015, for $8,000 cash. b. Machine B: Sold on December 31, 2015, for $9,925; received cash, $2,100, and a $7,825 interest-bearing (12 percent) note receivable due at the end of 12 months. c. Machine C: On January 1, 2015, this machine suffered irreparable damage from an accident. On January 10, 2015, a salvage company removed the machine at no cost. 12. value: 10.00 points Required information Required: 1. Give all journal entries related to the disposal of each machine in 2015. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. Machine A. b. Machine B. c. Machine C. Answer CTA Did you know: You can snap a photo of your question. Get the Chegg iOS App Thanks for using Chegg Study! The Chegg Team CheggThe Student Hub twitter facebook blog This email was sent to sshamon1627@gmail.com because you interacted with Chegg services. Please do not reply to this email - this inbox is staffed by robots (they aren't that smart). Need a human? Contact us. Chegg Inc. 3990 Freedom Circle Santa Clara, CA 95054