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 61,000 76,900 Residual Value $3,000 4,000 6,000 Estimated Life 8 years 10 years 16 years Accumulated Depreciation (straight line) $ 24,750 (6 years) 45,600 (8 years) 53,175 (12 years) The machines were disposed of during the current year in the following ways: a. Machine A: Sold on January 1 for $10,750 cash. b. Machine B: Sold on December 31 for $10,300; received cash, $2,000, and a $8,300 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 transaction/event, sel journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the depreciation of Machine A. Note: Enter debits before credits. Debit Credit Transaction General Journal January 01 No journal entry required Required A Required B Required C Give all journal entries related to the disposal of Machine B in the current year. (If no entry is required for a transaction journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the depreciation of Machine B. Note: Enter debits before credits. General Journal Debit Credit Transaction December 31 Required A Required B Required C Give all journal entries related to the disposal of Machine C in the current year. (If no entry is required for a transaction/event, selec journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the depreciation of Machine C. Note: Enter debits before credits. Transaction General Journal Debit Credit January 01