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 $30,000 59,200 Residual Value $3,000 3,200 Accumulated Depreciation Estimated Life (straight-line) 5 years $21,600 (4 years) 14 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 sold to a salvage company at zero proceeds (and zer 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 Journal entry worksheet 1 2 3 4 > Record the current year depreciation for Machine A prior to disposal. Note: Enter debits before credits