Sheridan Company had the following assets on January 1, 2025. 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 update depreciation, where applicable, on disposed assets. The company uses straight-line depreciation. All depreciation was up to date as of December 31, 2024. (List all debit entries before credit entries. Credit account titles are automotically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter ofor the amounts) Date Account Titles and Explanation Jan. 1 June 30 Dec. 31 (To record depreciation expense on forklift) (To record sale of forklift) (To record sale of forklift) (To record depreciation expense on truck) (To record disposal of truck)