During the current year, Martinez Company disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following: Original Residual Estimated Accumulated Depreciation Asset Cout Value Lite (straight-line) Machine A $82,200 57,700 15 years $64,567 (13 years) Machines 26,000 3,200 8 years 17,100 (6 years) The machines were disposed of in the following ways: 2. Machine A Sold on January 2 for $26,000 cash. 6. Machine B: On January 2, this machine was scrapped with 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.) View transaction et Journal entry worksheet 1 2 > Machine A: Sold on January 2 for $26,000 cash. Record the transaction Noter Enter debits before credits