[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 their disposal, the accounts reflected the following: $ Original Cost 36,000 41,000 76,600 Asset Machine A Machine B Machine C Residual Value $ 3,000 4,000 5,800 Estimated Life 8 years 8 years 16 years $ Accumulated Depreciation (straight line) 24,750 (6 years) 27,750 (6 years) 53,100 (12 years) The machines were disposed of in the following ways: a. Machine A: Sold on January 1 for $10,650 cash. b. Machine B: Sold on December 31 for $9,325; received cash, $2,400, and a $6,925 interest-bearing (12 percent) note receivable due at the end of 12 months. c. Machine C: On January 1, 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 for a transaction/event, select "No journal entry required" in the first account field.) a. Machine A. View transaction list Journal entry worksheet Record the disposal of Machine A. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the depreciation of Machine B. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet Record the disposal of Machine C. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal