4 PA9-2 Recording and Interpreting the Disposal of Long-Lived Assets [LO 9-5 Ly Company disposed of two different assets. On January 1, pnior to ther disposal, the accounts reflected the following points Cost nachine A $3e,eee Hachine B 59,20 Accumulated Depreciat value Estinated Life (straight-1ine) $21,609 (4 years) $3,eee 3, 280 5 years 14 years 44,880 (11 years) The machines were disposed of in the following ways Print a Machine A: Sold on January 1 for $9,000 cash b Machine B: On Januery 1, this machine was sold to a salvage company at zero proceeds (and zero cost of remova), Referances Required: 1.& 2 Prepare the journal entries related to the disposal of Machine A and B at the beginning of the current year (of no entry is required for e trensection/event, select "No Journel Entry Required" in the first eccount field.) January 01 No Journal Entry Requred 2 January Cash 21,600 Gan on Disposal 30 3 January 01 No Joumal Entry Required 01 44,000 Loss on Disposal 59 200 Cash