Asset Ly Company disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following: Original Residual Estimated Accumulated Depreciation Cost Value Life (straight-line) Machine A $30,000 $3,000 5 years $21,600 (4 years) Machine B 59,200 3,200 14 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 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 list Journal entry worksheet