Ly Company disposed of two different assets. On January 1, prior to their disposal, the accounts refiected the following: Original Cost Residual Accunulated Depreciation (straight-line) $22,92e (4 years) 51,7 (11 yaars) Asset Value Estinated Life Machine A $34,2e 7, 220 $4,182 4,4B S years 14 years Machine B The machines were disposed of in the following ways: a. Machine A: Sold on January 1 for $10,400 cash. b. Machine B: On January 1, this machine was sold to a salvage company at zero proceeds (and zero cost of removal). Required: 1. & 2. Prepare the journal entries related to the disposal of Machine A and B t the beginning of the current year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Journal entry worksheet 1 > 2 4 > 2 1 4 Record the current year depreciation for Machine B prior to disposal Record the current year depreciation for Machine A pricr to disposal Nata: Entar dehlts batara cradits Note: Enter debits before credits General Journal Date Debit Cradit Date General Journal Debit Credit January 01 January 01 Record entry View general journal Clear entry Record entry Clear entry View general journal Journal entry worksheet Journal entry worksheet