Tidwell Company sold the following two machines in 2017: Machine A $118,000 7/1/13 8 years Machine B Cost $100,000 Purchase date 1/1/14 Useful life 5 years Residual value $5,000 Depreciation method Double-declining-balance Date sold 8/1/17 Sales price $20,000 $6,000 Straight-line 7/1/17 $55,000 Instructions Journalize all entries required to update depreciation and record the sales of the two assets in 2017. The company has recorded depreciation on the machine through December 31, 2016