During the current year, Martinez Company disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following: Accumulated Depreciation Original Residual Estimated (straight- Asset Cost Value Life line) Machine $84,200 $9,000 15 years $65,173 years) Machine 28,000 3,600 8years 18,300 years) B The machines were disposed of in the following ways: a. Machine A: Sold on January 2 for $28,000 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.) View transaction list Journal entry worksheet 1 2 Record the disposal of Machine A for $28,000 cash on January 2, 2014. Note: Enter debits before credits. General Journal Debit Credit Date Jan 02 Record entry View general journal Clear entry View transaction list Journal entry worksheet