Baladiya Company buys machinery on January 1, 2018 for $100,800. Straight-line depreciation is taken each year for four years assuming a eight-year life and no salvage value. The machine is sold on July 1, 2022. (Round your answers to the nearest whole dollar.) Required: Prepare the journal entries on July 1, 2022 to update depreciation and to record the sale of the machinery for $42,336 cash View transaction list Journal entry worksheet