Sunland Company had the following assets on January 1,2017. Useful Life Item Machinery $79,520 Jan. 1.2007 Forklift33,600 Jan. 1.2014 Truck Cost Purchase Date in years) Salvage Value $0 0 3,360 10 37,408 Jan. 1.2012 During 2017, each of the assets was removed from service. The machinery was retired on January 1. The forklift was sold on June 30 for $13,440. 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, 2016, (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Debit Date Account Titles and Explanation Credit (To record depreciation expense on forklift) June 30 June 30 To record sale of forkift) To record depreciation expense on truck) Dec. 31 To record sale of truck) eTextbook and Media List of Accounts