Presented below are selected transactions at Dublin Grocer for 2020: Date of Disposal Transactions Jan 1, 2020 Retired a delivery truck that was purchased on January 1, 2012. The delivery truck cost $85,000 on that date. It had a useful life of 8 years with no salvage value. Jan 1, 2020 Sold an equipment that was purchased on January 1, 2015. The equipment cost $120,000 on that date. It had a useful life of 6 years with no salvage value. The equipment was sold for $48,000 July 1, 2020 Discarded a machinery that was purchased on January 1, 2016. The machine cost $32,000. It was depreciated based on a 5-year useful life with a $4,000 salvage value. Sunshine Store uses straight-line depreciation method for all of the assets REQUIRED: Prepare relevant journal entries to record the disposal of the assets of the above transactions