Here are selected 2017 transactions of Akron Corporation. Jan. 1: Retired a piece of machinery that was purchased on January 1, 2007. The machine cost $62,000 and had a useful life of 10 years with no salvage value. June 30: old a computer that was purchased on January 1, 2015 The computer cost $36,000 and had a useful life of 3 years with no salvage value. The computer was sold for 000 cash, Dec. 31: Sold a delivery truck for $9,000 cash. The truck cost $25,000 when it was purchased on January 1, 2014, and was depreciated based on a 5-year useful life with a $4,000 value. Instructions: Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Akron Corporation uses the straight-line method to calculate depreciation. Effect on the Accounting Credit Equation Debit Date Account name Jan 1, 2017