Presented below are selected transactions at Kingbird Company for 2020. Jan. 1 June 30 Dec. 31 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost 64,400 on that date. It had a useful life of 10 years with no residual value. Sold a computer that was purchased on January 1, 2017. The computer cost 43,400. It had a useful life of 5 years with no residual value. The computer was sold for 15,800. Discarded a delivery truck that was purchased on January 1, 2016. The truck cost 35,640. It was depreciated based on a 6-year useful life with a 3,000 residual value. Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of. Kingbird Company uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 2019.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Jan. 1 Accumulated Depreciation-Equipment Equipment June 30 Depreciation Expense Accumulated Depreciation-Equipment (To record depreciation) June 30 Cash Debit 64400 4340 15800 Accumulated Depreciation-Equipment 30380 Equipment Gain on Disposal of Plant Assets (To record the sale of equipment) Dec. 31 Depreciation Expense 6733.3 Accumulated Depreciation-Equipment (To record depreciation) Dec. 31 Loss on Disposal of Plant Assets 9733.5 Accumulated Depreciation-Equipment Equipment (To record the discarding of equipment) 33666.5 Credit 64400 4340 35640 10540 6733.3 43400