6. (18 points) A company purchased and installed machinery on January 1 at a total cost of $93,000. Straight-line depreciation was calculated based on the assumption of a five-year life and no salvage value. The machinery was disposed of on July 1 of year four. The company uses the calendar year. You may omit explanations. Show any work below the journal entry table. 1. Prepare the general journal entry to update depreciation to July 1 in year four. (Assume depreciation has already been recorded for the first 3 years.) 2. Prepare the general journal entry to record the sale of the machine for $27,000 cash. Date Account Titles and Explanations Debit Credit