During the current year, Rayon Corporation disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following Accumulated Depreciation (straight-line) $28,000 (4 years) 7,365 (3 years) Original Residual Estimated Life 7 years 5 years Asset Value $60,000 $11,000 1,925 Cost Machine A Machine B 14,200 The machines were disposed of in the following ways: a. Machine A: Sold on January 2, for $33,500 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. Give the journal entries related to the disposal of Machine A and Machine 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.) View transaction list Journal entry worksheet 2 4 Record the current year depreciation for Machine A prior to disposal Note: Enter debits before credits Date General Journal Debit Credit January 02