Blossom Company had the following assets on January 1, 2022. Useful Life (in years) Salvage Value Item Cost Purchase Date $0 Machinery $81,000 Jan, 1, 2012 10 Jan. 1, 2019 Forklift 40,000 Truck 46,400 Jan. 1, 2017 3,000 During 2022, each of the assets was removed from service. The machinery was retired on January 1. The forklift was sold on June 30 for $13,000. The truck was discarded on December 31. Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on disposed assets. The company uses straight-line depreciation. All depreciation was up to date as of December 31, 2021. manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 Accumulated Depreciation-Equipment 81,000 Equipment 81,000 June 30 : Depreciation Expense Accumulated Depreciation-Equipment (To record depreciation expense on forklift) June 30 Cash Accumulated Depreciation-Equipment Equipment Gain on Disposal of Plant Assets (To record sale of forklift) Dec. 31 : (To record depreciation expense on truck) Dec. 31 (To record sale of truck)