During the current year, Martinez Company disposed of two different assets. On January $1,$ prior to their disposal, the accounts

reflected the following:

The machines were disposed of in the following ways:

a$.$ Machine A: Sold on January $2$ for $$26,500$ cash.

b$.$ Machine B: On January $2,$ this machine was scrapped with zero proceeds $($and zero cost of removal$).$

Required:

& $2.$ 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.$)$