During the current year, Rayon Corporation disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following:

Original Cost Machine A $64,000 $11,600 Accumulated Depreciation (straight-line) Residual Value Estimated Life 8 years 6 years Asset $32,750 (5 years) Machine B 14,600 2,000 8,400 (4 years) The machines were disposed of in the following ways a. Machine A: Sold on January 2, for $33,900 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 X: Record the current year depreciation for Machine A prion to disposal 1 2 Record the disposal of Machine A. Record the current year depreciation for Machine B prior to disposal 3 4 Record the disposal of Machine B. Credit