Problem 9-3A Carla Vista Co. had the following assets on January 1, 2017 Life salvages0 Item Cost Purchase Date (in years) Salvage Value Machinery 80,940 Ja.1, 2007 Truck During 2017, each of the assets was removed from service. The machinery was retired on January 1. The forklift was sold on June 30 for $13,680. The truck was dscarded on December 31 ournalize all entries required on the abave dates, induding entries to update depreciation, where applicable, an dispased assets. The company uses straight-line depreciation. All depreciation was up to date as of December 31, 2016. (Credit account litles are aut 10 4200 an. 1,2014 38,080 Jan. 1,2012 3,424 Indented when th nt is entered. Do not in Date Account Titles and Explanation Debit Credit To record depreclation expense on forklift) June 30