$15$ points $-3$ each$)$ Presented below are selected transactions for Company #$4$ for $2014.$

Jan.

$1$

$$

Received $$9,000$ scrap value on retirement of machinery that was purchased on January $1,2004.$ The machine cost $$90,000$ on that date, and had a useful life of $10$ years with no salvage value.

April

$30$

$$

Sold a equipment for $$34,000$ that was purchased on January $1,2011.$ The equipment cost $$90,000,$ and had a useful life of $5$ years with no salvage value.

Dec.

$31$

$$

Discarded a business automobile that was purchased on April $1,2010.$ The car cost $$27,000$ and was depreciated on a $5-$year useful life with a salvage value of $$2,000.$

Instructions

Journalize all entries required as a result of the above transactions. Company #$4$ uses the straight$-$line method of depreciation and has recorded depreciation through December $31,2013.$