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) Residual Value $11,900 2,300 Original Estimated Asset Cost Machine A $68,000 Machine B 15.000 6 years 4 years $28,050 (3 years) 6,350 (2 years) The machines were disposed of in the following ways a. Machine A: Sold on January 2, for $42,600 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 transactionlevent, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 Record the current year depreciation for Machine A prior to disposal Note: Enter debits before credits Date General Journal Debit Credit January 02