Ly Company disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following Estimated Life 5 years 14 years Depreciation (straight-line) 21,600 (4 years) 44,000 (11 years) Original Residual $3,000 Machine B 59,200 3,200 Machine A $30,000 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 suffered irreparable damage from an accident and was removed immediately by a salvage company at no cost Required 1. & 2. Prepare the journal entry related to the disposal of Machine A and B at the beginning of the current year. (If no entry is required for a transactionlevent, select "No Journal Entry Required" in the first account field.)