Pine Company had the following assets on January $1,2022.$

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 $$12,000.$ The truck was discarded on December $31.$ The company uses straight$-$line depreciation. All depreciation was up to date as

of December $31,2021.$

Instructions:

Compute the gain or loss for each of the asset disposals that occurred in $2022.($Hint: Be sure to update depreciation for each asset

from January $1,2022,$ to disposal date.$)$ Please solve and explain how you got your answer in a chart. thanks