Presented below are selected transactions for Werley Company for 2017 Jan. 1 Received $9,000 scrap value on retirement of machinery that was purchased on January 1, 2007. The machine cost $90,000 on that date, and had a useful life of 10 years with no salvage value. April 30 Sold equipment for $34,000 that was purchased on January 1, 2014. The equipment cost $90,000, and had a useful life of 5 years with no salvage value. Dec. 31 Discarded a business automobile that was purchased on April 1, 2013. The car cost $27,000 and was depreciated on a 5-year useful life with a salvage value of $2,000. Instructions Journalize all entries required as a result of the above transactions. Werley Company uses the straight-line method of depreciation and has recorded depreciation through December 31, 2016