Oriole Company had the following assets on January 1, 2022. Useful Life (in years) 10 Salvage Value so Item Machinery Forklift Truck Cost $74,000 33,000 39.400 Purchase Date Jan 1, 2012 Jan 1, 2019 Jan 1, 2017 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 for the amounts.) Date Account Titles and Explanation Debit Credit Jan 1 - Accumulated Depreciation Equipment 74,000 Equipment 74.000 June 30 Depreciation Expense 3.300 Accumulated Depreciation Equipment 3.300 econd denunciation m e O o n fosil 9 e 9 s 2:38 AM 10r2020 .com/courses/36891/assignments/5192441 Accumulated Depreciation-Equipment 3.300 (To record depreciation expense on forklift) June 30 Cash 12.300 23.100 Accumulated Depreciation Equipment 3,300 Sales Revenue 33,000 Equipment (To record sale of forklift) Depreciation Expense Dec. 31 Accumulated Depreciation-Equipment (To record depreciation expense on truck) Dec. 31 Accumulated Depreciation Equipment Loss on Disposal of Plant Assets Equipment (To record sale of truck) Assista! e Textbook and Media Ofte 9 - 9