Edward's Lumber Mill sold two pieces of equipment in 2022. The following information pertains to the two pieces of equipment: Machine Cost Purchase Date Useful Life Salvage Value Depreciation Method Date Sold Sales Price #1 $ 146,200 7/1/18 5 yrs $ 10,200 Straight-line 7/1/22 $ 34,000 #2 $ 161,500 1/1/21 5 yrs $ 8,500 Double-declining balance 12/31/22 $ 62.900 Compute the depreciation on each piece of equipment to the date of disposal. Machine #1 Annual Depreciation Year Accumulated Depreciation 2018 $ $ 2019 2020 2021 2022 Machine #2 Annual Depreciation Year Accumulated Depreciation 2021 $ $ 2022 Prepare the journal entries in 2022 to record 2022 depreciation and the sale of each piece of equipment. (Credit account titles are automatically indented when the amount is entered. Do not incent manually. W no entry is required, select "No Entry for the account titles and enter for the amounts) Machine 1 Account Titles and Explanation Debit Credit (To record depreciation expense) (To record sale of equipment) Machine 2 Account Titles and Explanation Debit Credit (To record depreciation expense) (To record sale of equipment)