(To record depreciation expense on forklift) (To record sale of forklift) (To record depreciation expense on truck) (To record depreciation expense on truck) (To record disposal of truck) eTextbook and Media List of Accounts Sive for Later Attempts: 0 of 2 used Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on disposed assets. The company usos straight-1lne depreciation. All depreciation was up to date as of December 31, 2024. (List all debit entries before credit entrics. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Sheridan Company had the following assets on January 1, 2025 . During 2025, each of the assets was removed from service. The machinery was retired on January 1 . The forklift was sold on June 30 for $12,500. The truck was discarded on December 31. Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on disposed assets. The company uses straight-line depreciation. All depreciation was up to date as of December 31,2024. (List all debit entries before credit entries. Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is: required, select "No Entry" for the account titles and enter o for the amounts.)