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

Asset	Original Cost			Residual Value			Estimated Life		Accumulated Depreciation (straight-line)
Machine A	$	80,700		$	6,700		15	years	$	64,133	(13 years)
Machine B		24,500			2,900		8	years		16,200	(6 years)

The machines were disposed of in the following ways:

a.	Machine A: Sold on January 2 for $24,500 cash.
b.	Machine B: On January 2, this machine suffered irreparable damage from an accident and was removed immediately by a salvage company at no cost.

Required:
1. & 2.	Prepare the journal entries related to the disposal of Machine A and B on January 2 of the current year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
	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.