Question 4 Carla Vista Co. had the following assets on January 1, 2017. Useful Life (in years) 10 Purchase Date Salvage Value s 0 Cost Item Machinery $63,900 an. 1, 2007 Forklift 27,000 Jan. 1, 2014 Truck 30,064 Jan. 1, 2012 2,704 During 2017, each of the assets was removed from service. The machinery was retired on January 1. The forkift was sold on June 30 for $10,800. The truck was discarded on December 31. Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on disposed assets. The company uses stralight-line indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) All depreciation was up to date as of December 31, 2016. (Credit account titles are automatically indented when the amount is entered. Do not Debit Credit Date Account Titles and Explanation Jan. 1 June 30 (To record depreciation expense on forkift) June 30 1253 PM CALCULATOR STANDARD VIEV RCES JL er 9 (To record depreciation expense on forklift) June 30 udy (To record sale of forklift) To record depreciation expense on truck) Dec. 31 (To record sale of truck)