Here are selected 2022 transactions of Marigold Company.

Jan.	1		Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $61,300 and had a useful life of 10 years with no salvage value.
June	30		Sold a computer that was purchased on January 1, 2019. The computer cost $44,500 and had a useful life of 5 years with no salvage value. The computer was sold for $15,300 cash.
Dec.	31		Discarded a delivery truck that was purchased on January 1, 2018. The truck cost $38,220. It was depreciated based on a 6-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. Marigold Company uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 2021.) (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date Account Titles and Explanation Debit Credit Jan 1 Accumulated Depreciation Equipment 61300 Equipment 61300 June 30 Depreciation Expense 4450 Accumulated Depreciation-Equipment 4450 (To record depreciation to date of disposal) June 30 Cash 15300 Accumulated Depreciation Equipment 22250 Loss on Disposal of Plant Assets 6950 Equipment 44500 (To record sale of computer) Dec 31 Depreciation Expense 5870 Accumulated Depreciation Equipment 5870 (To record depreciation to date of disposal) Dec. 31 Cash (To record retirement of truck)