During 2018, Ct Company disposed of three different assets. On January 1, 2018, prior to the disposal of the assets, the accounts reflected the following: Asset Machine A Machine B Machine C Original Cost $20,000 41,000 75,000 Residual Value $2,000 4,000 3,000 Estimated Life 8 years 10 years 12 years Accumulated Depreciation (straight line) $13,500 (6 years) 29,600 (8 years) 60,000 (10 years) The machines were disposed of in the following ways: a. Machine A: Sold on January 1, 2018, for $7,200 cash. b. Machine B: Sold on April 1, 2018, for $8,500; received cash, $2,500, and a note receivable for $6,000. due on March 31, 2016, plus 6 percent interest. c. Machine C: Suffered irreparable damage from an accident on July 2, 2018. On July 10, 2018, a salvage company removed the machine immediately at no cost. The machine was insured, and $18,000 cash was collected from the insurance company. Required: 1. Prepare journal entries related to the depreciation expense and disposat for each machine in 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round the final answer to nearest whole dollar.) View transaction list View journal entry worksheet 1 Record depreciation expense of machine A. 2 Record disposal of machine A. 3 Record depreciation expense of machine B. 4 Record disposal of machine B. 5 Record depreciation expense of machine C. 6 Record disposal of machine C