Oriole Company had the following assets on January 1, 2022 Item Cost Purchase Date Useful Life (in years) Salvage Value Machinery $ 62.000 Jan. 1. 2012 10 $0 Forklift 21.000 Jan. 1.2019 5 Truck 27.400 Jan. 1. 2017 B 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 $11,100. The truck was discarded on December 31. June 30 (To record sale of forklift) DONO | || 000 102 Dec. 31 Cash 11100 Equipment 11100 (To record depreciation expense on truck) Dec 31 Accumulated Depreciation Equipment 2700 Loss on Disposal of Plant Assets Equipment