Check my work 3 During the current year, Martinez Company disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following: Value Machine A $77,700$4,608 2,380 Estinated Life 15 years 8 years (straight-line) $63,353 (13 years) 14,400 (6 years) 21,500 eBook The machines were disposed of in the following ways Print a. Machine A: Sold on January 2 for $21,500 cash. b Machine B. On January 2, this machine suffered irreparable damage from an accident and was removed immediately by a salvage company at no cost Required: 1. & 2. Prepare the journal entries related to the disposal of Machine A and B on the January 2 of the current year. TIP: When no cash is received on disposal, the loss on disposal will equal the book value of the asset at the time of disposal. (If no entry is required