Ly Company disposed of two different assets. On January 1, prior to disposal of the assets, the accounts reflected the following: Accunulated Depreciation (straight-line) Asset Original Cost Machine A $26,800 Kachine B Residual Value $2,820 Estinated Life 5 years $19,200 (4 years) 69,600 3,600 15 years The machines were disposed of in the following ways: 57,200 (13 years) a Mechine A: This machine was sold on January 1 for $6.790 cash. 5. Mechine B: On January 1. this machine suffered irreparable damage from an accident and was removed immediately by a salvage company at no cost. Required: 1. Prepare the journal entries related to the disposal of each machine at the beginning of the current year. Transaction "a" relates to the recording of the depreciation, and transaction 'b' relates to the recording of the disposal of the machine. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Machine A - Jan. 1 Machine B January 1: View transaction list Journal entry worksheet < 1 2 Record the entry for depreciation expense. View transaction list Journal entry worksheet 1 2 Record the entry for depreciation expense. Note: Enter debitx before credits. Transaction General Journal Debit Credit View general journal Record entry Clear entry > Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal