Carla Vista Co. had the following assets on January 1, 2022. Item Machinery Forklift Truck Cost $66,000 25,000 31,400 Purchase Date Jan 1, 2012 Jan 1, 2019 Jan. 1, 2017 Useful Life (in years) 10 5 8 Salvage Value $0 0 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 $11,500. 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 for the amounts.) Date Credit Debit 66,000 Jan. 1 66,000 June 30 Account Titles and Explanation Accumulated Depreciation Equipment Equipment Depreciation Expense Accumulated Depreciation-Equipment (To record depreciation expense on forklift) Cash 2500 2500 June 30 11,500 Accumulated Depreciation-Equipment Equipment Gain on Disposal of Plant Assets (To record sale of forklift) Depreciation Expense Dec 31 Dec 31 Accumulated Depreciation-Equipment (To record depreciation expense on truck) Accumulated Depreciation-Equipment Loss on Disposal of Plant Assets Equipment (To record sale of truck)