Ly Company disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following: Accumulated Depreciation (straight-line) $24,750 (5 years) 47,040 (12 years) Original Residual Value $3,300 3,400 Estimated Asset Cost Life Machine A $33,000 62,200 6 years 15 years Machine B The machines were disposed of in the following ways: a. Machine A: Sold on January 1 for $9,100 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.) View transaction list Journal entry worksheet K 1 2 3 4 Record the current year depreclation for Machine A prior to disposal. Note: Enter debits before credits. View transaction list Journal entry worksheet K 1 2 Record the current year depreciation for Machine A prior to disposal. Note: Enter debits before credits. Date General Journal Debit Credit January 01 Record entry Clear entry View general journal View transaction list Journal entry worksheet