8 00 Ly Company disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following 10 points Asset Machine A Machine B original Cost Residual Value Estimated Life $30,000 59,200 $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 ot the beginning of the current year of no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Answer is not complete. NO 1 Date January 01 General Journal Cash Accumulated Depreciation-Equipment 00 Debit Credit 9.000 21,600