During 2017, Ly Company disposed of two different assets. On January 1, 2017, prior to disposal of the assets, the accounts reflected the following Accumulated Original Residual Estimated Depreciation Asset Cost Value Life (straight-line) Machine $26,800 $2,800 5 years $19,200 (4 years) Machine 69,600 3,600 57,290 (13 years) B 15 years The machines were disposed of in the following ways: a Machine A: This machine was sold on January 1, 2017 for $6,790 cash. b. Machine B: On January 1, 2017, this machine suffered irreparable damage from an accident and was removed immediately by a salvage company at no cost. Required: 1. Prepare the journal entries related to the disposal of each machine at the beginning of 2017 Transactional relates to the recording of the 2017 depreciation and transaction "b" relates to the recording of the disposal of the machine. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) Machine A - Jan 1, 2017 View transaction list Journal entry worksheet