Jan. 1 June 30 Dec. 31 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. 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. 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). (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. Do not round intermediate calculations.) Date Jan. 1 Account Titles and Explanation Accumulated Depreciation-Equipment Equipment June 30 Depreciation Expense Accumulated Depreciation-Equipment (To record depreciation to date of disposal) June 30 Cash Dec. 31 Dec. 31 Accumulated Depreciation-Equipment Gain on Disposal of Plant Assets Equipment (To record sale of computer) Depreciation Expense Accumulated Depreciation-Equipment (To record depreciation to date of disposal) Accumulated Depreciation-Equipment Loss on Disposal of Plant Assets (To record retirement of truck) Debit 60700 4160 13600 29120 6610 33050 9610 Credit 60700 4160 1120 41600 6610 42660