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During the current year, Yost Company disposed of three different assets. On January 1 of the current year, prior to the disposal of the assets, the accounts reflected the following: The machines were disposed of during the current year in the following ways: a. Machine A: Sold on January 1 for $11,600 cash. b. Machine B: Sold on December 31 for $46,000; received cash, $36,800, and an $9,200 interest-bearing (12 percent) note recelvable due at the end of 12 months. c. Machine C: On January 1, this machine suffered irreparable damage from an accident. On January 10, a salvage company removed the machine at no cost. Required: 1. Give all journal entries related to the disposal of each machine in the current year: a. Machine A. b. Machine B. c. Machine C. Complete the following questions by preparing worksheet and fournal entries given below. [The following information applies to the questions displayed below] During the current year, Yost Company disposed of three different assets, On January 1 of the current year, prior to the disposal of the assets, the accounts reflected the following: The machines were disposed of during the current year in the following ways: a. Machine A: Sold on January 1 for $1,600 cash. b. Machine B: Sold on December 31 for $46,000; received cash, $36,800, and an $9,200 interest-bearing (12 percent note receivable due at the end of 12 months. c. Machine C: On January 1, this machine suffered irreparable damage from an accident. On January 10, a salvage company removed the machine at no cost. 2. Select the accounting rationale for the way that you recorded each disposal