Required information P8-6 Recording and Interpreting the Disposal of Three Long-Lived Assets LO8-3, 8-5 The following information applies to the questions displayed below.] During the current year, Merkley Company disposed of three different assets. On January 1 of the current year, prior to their disposal, the accounts reflected the following: Accumulated Depreciation (straight 1ine) $ 22,000 (4 years) 45,750 (6 years) 49,553 (12 years) Residual Value Estimated Life 6 years 8 years 17 years original Cost 36,000 Asset Machine A 3,000 4,000 5,700 $ 65,000 75,900 Machine B Machine C The machines were disposed of in the following ways: a. Machine A: Sold on January 1 for $13,500 cash. b. Machine B: Sold on December 31 for $12,225; received cash, $2,200, and a $10,025 interest-bearing (12 percent) note receivable due at the end of 12 months. c. Machine C: On January 1, this machine suffered irreparable damage from ar accident.. On January 10, a salvage company removed the machine at no cost. Required: 1. Give all journal entries related to the disposal of each machine in the current year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. Machine A. Journal entry worksheet