wildhorse Co, had the following assets on January 1, 2017 Useful Life Itern Cost Purchase Date (in years) Salvage Value Machinery$56,740 Jan. 1, 2007 Farklift28,200 an. 1, 2014 Truck 31400an. 1, 2012 10 23124 During 2017, each af the assets was remaved from service. The machinery was retired o anuary 1. The forklift was sod an lune 30 far $11,20. The truck was discarded an December 31. Journalize all entries required on the above dates, indluding 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, 2016. (Credit account tities are automatically indented when the amount is entered. Do not indent maneaily. If no entry is required, select "No Entry" for the account titles and enter D for the amaunts.) Date Account Titles and Explanation Debit Credit (To rocard dopreciation ax on forkift) une 30 To record sale of forklift) To record sale (To record depredat on on truck) Cer. 31 (To record sale of truck)