During 2017, Ly Company disposed of two different assets. On January 1, 2017, prior to disposal of the assets, the accounts reflected the following: Asset Original Cost Residual Value Estimated Life Accumulated Depreciation (straight-line) Machine A $ 25,750 $ 2,500 5 years $ 18,600 (4 years) Machine B 67,200 3,450 15 years 55,250 (13 years) The machines were disposed of in the following ways: Machine A: This machine was sold on January 1, 2017, for $6,400 cash. 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. Transaction a 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: Machine B - January 1, 2017: 2. Not available in Connect.