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 $32,000 64,200 Residual Value $3,500 3,300 Estimated Life 5 years 15 years Accumulated Depreciation (straight-line) $22,800 (4 years) 48,720 (12 years) The machines were disposed of in the following ways: a. Machine A: Sold on January 1 for $9,900 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 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.)