Here are selected 2017 transactions of Cheyenne Corporation Jan. 1 Retired a piece of machinery that was purchased on January 1, 2007. The machine cost $62,600 and had a useful life of 10 years with no salvage value June Sold a computer that was purchased on January 1, 2015. The computer cost $36,400 and had a useful life of 4 years with no salvage value. The computer was 30 sold for $4,400 cash. Dec. 31 Sold a delivery truck for $9,200 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 $3,700 salvage value Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of, where applicable. Cheyenne Corporation uses straight- line depreciation. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Date Account Titles and Explanation Debit Credit 62600 Jan. 1 Accumulated Depreciation-Equipment Equipment 62600 une 30Depreciation Expense 4550 4550 Accumulated Depreciation-Equipment (To record depreciation expense for 2017) Accumulated Depreciation-Equipment 22600 Cash 4400 Loss on Disposal of Plant Assets 9400