Here are selected 2022 transactions of Cheyenne Corp. Jan. 1 Retired a piece of machinery that was purchased on January 1,2012 . The machine cost $64,400 and had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1,2020. The computer cost $43,800 and had a useful life of 3 years with no salvage value. The computer was sold for $5,300 cash. Dec. 31 Sold a delivery truck for $10,000 cash. The truck cost $34,150 when it was purchased on January 1,2019 , and was depreciated based on a 5-year useful life with a $3,000 salvage value. Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of where applicable. Cheyenne Corp. uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 2021). (Credit account titles are outomatically indented when omount is entered. Do not indent manually. Record foumal entries in the order presented in the probiem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Do not round intermediate calculations.) Date Account Titles and Explanation Jar1 Jan 1 Cash (To record depreciation to date of disposal) une 30 Machine Cash Cost of Goods Sold Cash Accumulated Depreciation-Equipment Loss on Disposal of Plant Assets Sales Revenue: Debit Credit 64400 \begin{tabular}{|r|} \hline \\ \hline \\ \hline \\ \hline \\ \hline \end{tabular} 5300 34150 Dec. 31 Depreciation Expense Accumulated Depreciation-Machine (To record depreciation to date of disposal) Jec,31 Cash Accumulated Depreciation-Buildings Loss on Disposal of Plant Assets Sales Revenue 34150 (To record retirement of truck)