Required information The following information applies to the questions alsplayed below] During the current year, Merkley Company disposed of three different assets On January 1 of the current year prior to the disposal of the assets, the accounts reflected the following: Cost Asset Machine A Machine Machine Original Bell 53,000 $1.000 53,000,00 76,200 6,200 Estate Lite years 10 yrs 16 years Accue Deprecatel (stratie $22,500 years 50,200 (years) 52,500 (12) The machines were disposed of during the current year in the following ways: a. Machine A Sold on January 1 for $10.100 cash 5. Machine B: Sold on December 31 for $9,600 recolved cash. $2.300, and $2.300 Interest-bearing 2 percent noto receivable due at the end of 12 months c. Machine C On January 1, this machine suffered irreparable damage from an 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 yea a Machine b Machine Machine Complete the following questions by preparing worksheet and journal entries given below. uved Required Required Give al joumaltres related to the disposal of Machine A in the current year ofron required for troomt w Journal entry required in the first account field.) View transaction el Journal entry worksheet > Record the depreciation of Machine A be 100 Transaction nry 01 C Acomputer Machine LOGO De Note. Enter debits before credits Debit Credit General Journal Transaction December 31 View general Journal Clear entry Record entry Required C > Record the depreciation of Machine C. Note: Enter debits before credits. General Journal Debit Credit Transaction January 01 Record entry Clear entry View general Journal