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Ly Company disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following: original Residual Estimated Accumulated Depreciation Asset Cost Value Life (straight line) Machine A $35,000 54.200 5 years $24,640 (4 years) Machine 73,200 4.700 14 years 552.250 (11 years) The machines were disposed of in the following ways: a Machine A Sold on January 1 for $10,900 cash, b. Machine B: On January 1, this machine was scropped with zero proceeds (and zero cost of removal Required: 1. & 2. Prepare the journal entries related to the disposal of Machine A ond 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.) View transaction Journal entry worksheet Check required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Machine A: Sold on January 1 for $10,900 cash. Record the transaction Note: Enter debits before credits Date General Journal Debit Credit January 01 10 required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 $ 4 Record the current year depreciation for Machine B prior to disposal Na Enter det bare credits General Journal Debit Credit Date January 01 C required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction ist Journal entry worksheet