I am wondering what I am doing wrong in regards to calculating the loss on disposal of the machine, and then the missing value for Machine B.

During 2015. Merkley Company disposed of three different assets. On January 1, 2015. prior to their disposal. the accounts reected the following: Accumulated Original Residual Estimated Depreciation Asset Cost Value Life [scaly-it line} Machine A 5 24.000 5 3.000 8 years 5 15.7Ir 50 {Syears} Machine 3 69.000 4.000 10 years 52.000 (8 years) Machine C 75.400 5.000 16 years 52.800 [12 years} The machines were disposed of in the following ways: E5 Machine A: Sold on January 1, 2015. for $7950 cash. Machine 5'. Sold on December 31. 2015. for 511.100: recehred cash. $2500. and a $8,600 Interestbearing {12 percent} note receivable due at the end of 12 months c. Machine C: On January 1, 2015, this machine suffered irreparable damage from an accident. On January 10, 2015, a salvage company removed the machlne at no cost. FT 2 ' AWE. rd: 1'09 out M125 points 9 You did not receive full credit for this question in a previous attempt Required: 1. Give ell journal entries related to the disposal of each machine in 2015. [If no entry is required for a transactioni'event, select "No journal entry required\" in the first account field.} a. Machine A. 1 No joumal entry required J 2 Loss on disposal ofmeohine J 2.125x Cash J 7350.) Accumulated depreciation. MaohirleA J 15.?50J Equhment (Machine A) J 24,000.]