Ly Company disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following: Asset Machine A Machine B Original Cost $33,000 65,200 Estimated Life Accumulated Depreciation (straight-line) $22,050 (3 years) Residual Value $3,600 4 years 4,300 14 years $47,850 (11 years) The machines were disposed of in the following ways: a. Machine A: Sold on January 1 for $11,700 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.)