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 Estinated 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.)