Oriole Company had the following assets on January 1, 2022. Useful Life (in years) Item Cost Purchase Date Salvage Value Machinery $74,000 Jan. 1, 2012 10 $0 Forklift 33,000 Jan. 1, 2019 5 Truck 39,400 Jan. 1, 2017 8 3,000 During 2022, each of the assets was removed from service. The machinery was retired on January 1. The forklift was sold on June 30 for $12,300. The truck was discarded on December 31. Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on disposed assets. The company uses straight-line depreciation. All depreciation was up to date as of December 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit June 304 June 30 Accumulated Depreciation Equipment (To record depreciation expense on forklift) Dec. 31 Depreciation Expense (To record sale of forklift) IKUTTAA (To record depreciation expense on truck) (To record sale of truck)