During the current year, Rayon Corporation disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following: Asset Machine A Machine B Original Cost $54,000 16,000 Residual Value $12,800 2,800 Estimated Life 6 years 4 years Accumulated Depreciation (straight-line) $20,600 (3 years) 6,600 (2 years) The machines were disposed of in the following ways: a. Machine A: Sold on January 2, for $35,300 cash. b. Machine B: On January 2, this machine was scrapped with zero proceeds (and zero cost of removal). Required: 1.&2. Prepare 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.) Journal entry worksheet Record the current year depreciation for Machine A prior to disposal. Note: Enter debits before credits. Date General Journal Debit Credit January 02 No Journal Entry Required Record entry Clear entry View general journal Journal entry worksheet Record the disposal of Machine A. Note: Enter debits before credits. Date General Journal Debit Credit January 02 Record entry Clear entry View general journal Journal entry worksheet Record the current year depreciation for Machine B prior to disposal. Note: Enter debits before credits. Date General Journal Debit Credit January 02 No Journal Entry Required Record entry Clear entry View general journal Journal entry worksheet