HELP

During the current year, Rayon Corporation disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following: Original Residual Estimated Asset Cost Value Life Machine A $66.000 $12,100 7 years Machine B 14,800 2,200 5 years The machines were disposed of in the following ways: Accumulated Depreciation (straight-line) $30, 800 (4 years) 7,560 (3 years) a. Machine A: Sold on January 2, for $39,100 cash. b. Machine B: On January 2, this machine was scrapped with zero proceeds (and zero cost of removal). Required: 1.82. Prepare 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 Journal entry worksheet 2 3 4 Record the current year depreciation for Machine A prior to disposal