Problem 9-3A Wildhorse Co. had the following assets on January 1, 2017 Useful Life Purchase Date (in years) Salvage Value $ 0 Item C Machinery $66,740 Jan. 1, 2007 Forkift 28,200 Jan. 1, 2014 Truck 10 1,400 Jan. 1, 2012 8 2,824 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 $11,280. The truck was discarded on December ournalize all entries required on the above dates, including entries to update depreciation, where applicable, on disposed assets. The company uses straight-line depreciation. All depreciation was up to date as of December 31, 2016. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)