During the current year, Rayon Corporation 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 $ 57,000 $ 10,800 7 years $ 26,400 (4 years) Machine B 15,300 2,450 5 years 7,710 (3 years) The machines were disposed of in the following ways: a. Machine A: Sold on January 2, for $34,600 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. Give the journal entries related to the disposal of Machine A and Machine B on January 2 of the current year.