Carla Vista Co. had the following assets on January 1, 2022. Useful Life (in years) Item Cost Purchase Date Salvage Value Machinery $78,000 Jan 1, 2012 10 $0 Forklift 37,000 Jan 1, 2019 5 Truck 43,400 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 $12,700. 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. (Credit account titles are automatically indented when the amount is entered. Do not indent 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 Depreciation Expense 7800 Accumulated Depreciation-Equipment 7800 Jan. 1 Depreciation Expense 7400 Accumulated Depreciation-Equipment 7400 (To record depreciation expense on forklift) June 302 Cash 12700 Accumulated Depreciation-Equipment 7400 Equipment 37000 Gain on Disposal of Plant Assets 5300 (To record sale of forklift) Dec 31 4 Depreciation Expense 5050 Accumulated Depreciation Equipment 5050 (To record depreciation expense on truck) Dec. 31 4 Accumulated Depreciation-Equipment 5050 Loss on Disposal of Plant Assets 38350