Here are selected 2022 transactions of Monty Company. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $62,100 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 $38,500 and had a useful life of 5 years with no salvage value. The computer was sold for $16,000 cash. Dec. 31 Discarded a delivery truck that was purchased on January 1, 2018. The truck cost $37,920. 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. Monty 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 O for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 Accumulated Depreciation Equipment 62100 Equipment 62100 June 30 Depreciation Expense 3850 Accumulated Depreciation Equipment 3850 (To record depreciation to date of disposal) June 30 Cash 16000 Accumulated Depreciation Equipment 19250 9250 Loss on Disposal of Plant Assets 3250 Equipment 38500 (To record sale of computer) Dec. 31 Depreciation Expense 5820 Accumulated Depreciation-Equipment 5820 (To record depreciation to date of disposal) Dec. 31 Accumulated Depreciation Equipment 29100 Equipment 37920 Loss on Disposal of Plant Assets (To record retirement of truck)