During the current year, Merkley Company disposed of three different assets. On January 1 of the current year, prior to the disposal of the assets, the accounts reflected the following: Original Cont $ 21,000 50,000 85,000 Anset Machine A Machine B Machine C Residual Value $ 3.000 4,000 5,000 Entimated Life 8 years 10 years 15 years $ Accumulated Depreciation (straight line) 15,750 17 years) 36,800 (8 years 64,000 (12 years) The machines were disposed of during the current year in the following ways: a Machine A Sold on January 1 for $5,000 cash b. Machine B: Sold on December 31 for $10,500; received cash, $2,500, and an $8,000 Interest-bearing (12 percent) note receivable due at the end of 12 months c Machine C: On January 1, this machine suffered irreparable damage from an accident. On January 10, a salvage company removed the machine at no cost. P8-6 Part 1 Required: 1. Give all journal entries related to the disposal of each machine in the current year. a Machine A b. Machine B. c. Machine C Complete the following questions by preparing worksheet and journal entries given below. Required A Required B Required Give all journal entries related to the disposal of Machine B in the current year. (If no entry is required for a transaction/event, select "No Journal entry required in the first account field.) Journal entry worksheet