Ly Company disposed of two different assets On January 1, prior to their disposal, the accounts reflected the following Accumulated Depreciation Asset Machine A Nachine B Original Cost $30,000 59,200 Residual Value Estimated Life $3,000 3,200 5 years 14 years (straight-line) $21,600 (4 years) $44,000 (11 years) The machines were disposed of in the following ways a Machine A. Sold on January 1 for $9,000 cash b. Machine B. On January 1, this machine was scrapped with zero proceeds (and zero cost of removal). Required: 1. & 2. Prepare the journal entries related to the disposal of Machine A and B at 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.) View transaction list