Required information (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 the disposal of the assets, the accounts reflected the following: Asset Machine A Machine B Machine C Original Cost $ 27,000 61,000 76,700 Residual Value $ 3,000 4,000 5,100 Estimated Life 10 years 10 years 16 years Accumulated Depreciation (straight line) $19,200 (8 years) 45,600 (8 years) 53,700 (12 years) The machines were disposed of during the current year in the following ways: a. Machine A: Sold on January 1 for $7,300 cash. b. Machine B: Sold on December 31 for $10,300; received cash, $2,100, and a $8,200 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 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 year. a. Machine A. b. Machine B. c. Machine C. Required A Required B Required C Give all journal entries related to the disposal of Machine A in the current year. (If no entry is required for a transacti journal entry required" in the first account field.) View transaction list Journal entry worksheet A B Record the depreciation of Machine A. Note: Enter debits before credits. Transaction General Journal Debit Credit January 01 Cash 7,300 Accumulated depreciation, Machine A 19,200 Record entry Clear entry View general journal Journal entry worksheet A B Record the disposal of Machine A. Note: Enter debits before credits. Debit Credit Transaction General Journal January 01 Accumulated depreciation, Machine A Loss on disposal of machine 19,200 500 Record entry Clear entry View general journal