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: Accumulated Original Residual Estimated Depreciation Asset Cost Value Ufo straight line) Machine A s 21000 3.000 8 years $ 15750 years Machine 50,000 4.000 10 years 36.800 18 years Machine 85.000 5.000 15 years 64.000 12 years The machines were disposed of curing the current year in the following ways: o Machine A Sold on January 1 for $5.000 cash Machine B: Sold on December 31 for $10,500, received cash $2,500, and an $8,000 interest-bearing (12 percent) note receivable due at the end of 12 months G. Machine C On January, 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. (If no entry is required fo a. Machine A View transaction list Journal entry worksheet 1 Record the disposal of Machine A Note: Enter debits before credits. General Journal Debit Credit Transaction 1 Record entry Clear entry View general journal b. Machine B View transaction list Journal entry worksheet 1 2 > Record the depreciation of Machine B. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal c. Machine C. View transaction list Journal entry worksheet