Current Attempt in Progress On January 1, 2021, Martinez Company purchased on credit machinery costing $150,000 and incurred $5,100 in installation costs. The machinery has an estimated useful life of 15 years and a residual value of $10,140. The company uses the straight-line method of depreciation. At the end of 2022, Martinez recorded depreciation and assessed the asset, determining a recoverable amount of $124,800. Martinez sold the equipment to Voilex Corporation on June 30, 2023, for $122,800. Prepare the necessary entries assuming Martinez has a December 31 year-end. (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. List all debit entries before credit entries. Round answers to O decimal places, eg. 5,275. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record depreciation expense) (To record depreciation expense) (To record loss on impairment) (To record loss on impairment) (To record depreciation expense) (To record disposal of machinery)