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 $ 36,000 69,000 75,900 Residual Value $ 3,000 4,000 5,500 Estimated Life 8 years 8 years Accumulated Depreciation (straight line) $24,750 (6 years) 48,750 (6 years) 52,800 (12 years) 16 years The machines were disposed of during the current year in the following ways: a. Machine A: Sold on January 1 for $10,850 cash. b. Machine B: Sold on December 31 for $12,625; received cash, $2,500, and a $10,125 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. Complete the following questions by preparing worksheet and journal entries given below. 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 transaction/event, select "No journal entry required" in the first account field.)