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 $27,500 cash. b. Machine B: On January 2, this machine was sold to a salvage company at zero proceeds (and zero cost of removai). Required: 1. \& 2. Prepare the journal entries related to the disposal of Mochine A and B on the January 2 of the current yeat. TIP: When no cash is recelved 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 transoction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 2 Record the disposal of Machine A for $27,500 cash on January 2, 2014. 82. 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 recelved 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.) Journal entry worksheet Pecord the disposal of Machine A for $27,500 cash on January 2, 2014. 82. Prepare the journal entrles related to the disposal of Machine A and B on the January 2 of the current yeac. 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.) Journal entry worksheet Record the dispesat of Machine B due to irreparable damage from an accldent. Note: Enter debas betor sredits