Question 9 of 14 > 0.73/1 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Blossom Company had the following assets on January 1, 2022. Item Machinery Forklift Truck Cost $58,000 17.000 23,400 Purchase Date Jan. 1. 2012 Jan. 1. 2019 Jan. 1, 2017 Useful Life (in years) 10 5 8 Salvage Value $0 0 3,000 During 2022, each of the assets was removed from service. The machinery was retired on January 1. The forklift was sold on June 30 for $10,700. 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 straight-line depreciation. All depreciation was up to date as of December 31, 2021. (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 for the amounts.) Debit Credit Date Account Titles and Explanation Accumulated Depreciation-Equipment 58000 Jan. 1 58000 Equipment MacBook Pro 0.73/1 TIL Debit Credit d Explanation 58000 eciation-Equipment 58000 2340 ense 2340 Depreciation-Equipment eciation expense on forklift) Depreciation-Equipment sal of Plant Assets ale of forklift) on Expense . ted Depreciation-Equipment depreciation expense on truck) Kated Depreciation Equipment Disposal of Plant Assets ment AD ord sale of truck)