The following are the transactions of Morrell Corporation: a. Morrell Corporation disposed of two computers at the end of their useful lives. The computers had cost $4,540 and their Accumulated Depreciation was $4,540. No residual value was received. b. Assume the same information as (a), except that Accumulated Depreciation, updated to the date of disposal, was $3,080. Required: Prepare journal entries to record above transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 1) Record the disposal of computers that had cost $4,540 and their accumulated depreciation to the date of disposal was $4,540. 2) Record the disposal of computers that had cost $4,540 and their accumulated depreciation to the date of disposal was $3,080.