Sheridan Company had the following assets on January 1, 2025. Item Cost Purchase Date Useful Life (in years) Salvage Value Machinery $76,000 Jan. 1, 2015 10 $0 Forklift Truck 35,000 Jan. 1, 2022 5 0 41,400 Jan. 1, 2020 3,000 During 2025, each of the assets was removed from service. The machinery was retired on January 1. The forklift was sold on June 30 for $12,500. The truck was discarded on December 31. Journalize all entries required on the above dates, including entries to undate depreciation where applicable on disposed assets. The