[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: Accumulated Depreciation (straight line) Original Cost Residual Value Estimated Life Asset Machine A Machine B Machine C $30,000 61,000 75,900 $3,000 8 years20,250 (6 years) 4,000 8 years 6,100 16 years 42,750 (6 years) 52,350 (12 years) The machines were disposed of in the following ways a. Machine A: Sold on January 1 for $9,450 cash. b. Machine B: Sold on December 31 for $11,625; received cash, $2,200, and a $9,425 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 View journal entry worksheet No Transaction General Journal Debit Credit Cash Accumulated depreciation, Machine A Loss on disposal of machine 9,450 20,250 300 b. Machine B. View transaction list View journal entry worksheet Transaction No General Journal Debit Credit No Transaction Recorded C. Machine C View transaction list View journal entry worksheet No Transaction General Journal Debit Credit Accumulated depreciation, MachineC Loss on disposal of machine Equipment (Machine C) 52,350