Here are selected 2022 transactions of Kingbird, Inc..

Jan.	1		Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $ 60,700 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 $ 38,100 and had a useful life of 3 years with no salvage value. The computer was sold for $ 5,100 cash.
Dec.	31		Sold a delivery truck for $ 10,000 cash. The truck cost $ 30,600 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. Kingbird, Inc. uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 2021).

Date Account Titles and Explanation Debit Credit (To record depreciation to date of disposal) (To record sale of computer) (To record depreciation to date of disposal) > (To record retirement of truck)