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 3 Original Cost $62,000 14,488 Residual Value $12,200 2,500 Estimated Life 9 years 7 years Accumulated Depreciation (straight-line) $33,200 (6 years) 8,500 (5 years) The machines were disposed of in the following ways: a Machine A Sold on January 2, for $33,700 cash. b. Machine B: On January 2, this machine was sold to a salvage company at zero proceeds (and zero cost of removal). 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 entr required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 1 2 3 4 Record the disposal of Machine A. Note: Enter debits before credits General Journal Debit Credit Date January 02 Record entry Clear entry View general journal Journal entry worksheet 1 Record the disposal of Machine B. Note: Enter debits before credits. General Journal Debit Credit Date January 02 Record entry Clear entry View general journal