During the current year, Martinez Company disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following: Asset Machine original Cost $85,200 29,000 Residual Value $10,300 3,800 Estimated Life 15 years 8 years Accumulated Depreciation (straight-line) 564,913 (13 years) 18,900 (6 years) Machine a The machines were disposed of in the following ways: a. Machine A Sold on January 2 for $29,000 cash b. Machine B: On January 2. this machine was sold to a salvage company at zero proceeds (and zero cost of removal). 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 for a transaction/event, select "No Journal Entry Required" in the first account field.)