Presented below are selected transactions at Wildhorse Co. for 2020. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $63,900 on that date. It had a useful life of 10 years with no salvage value. June 30 Sold a computer that was purchased on January 1, 2017. The computer cost $42,000. It had a useful life of 5 years with no salvage value. The computer was sold for $13,000. Dec. 31 Discarded a delivery truck that was purchased on January 1, 2016. The truck cost $35,400. It was depreciated based on a 6-year useful life with a $3,000 salvage value. Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of Wildhorse Co. uses straight-line depreciation (Assume depreciation is up to date as of December 31, 2019) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Do not round intermediate calculations.) Date Account Titles and Explanation Debit Credit Jan. 1 Accumulated Depreciation-Equipment 63900 Equipment 63900 June 30 V Depreciation Expense Accumulated Depreciation Equipment (To record depreciation to date of disposal) June 30 Accumulated Depreciation Equipment Cash 42000 Equipment (To record depreciation to date of disposal) June 30 Accumulated Depreciation Equipment Cash INDO Equipment 42000 Gain on Disposal of Plant Assets (To record sale of computer) | TONG IT THE Dec. 31 Depreciation Expense Accumulated Depreciation Equipment (To record depreciation to date of disposal) Loss on Disposal of Plant Assets Dec. 31 Accumulated Depreciation Equipment Equipment 35400 To record retirement of truck)