-12 fil View Policies Current Attempt in Progress Presented below are selected transactions at Monty Company for 2020 Jan 1 June 30 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $62.100 on that date. It had useful life of 10 years with no salvage value Sold a computer that was purchased on January 1, 2017. The computer cost $38.500, it had a useful life of years with no salvage value. The computer was sold for $16,000 Discarded a delivery truck that was purchased on January 1, 2016. The truck cost $37.920. It was depreciated based on a 6-year useful life with a $3.000 salvage value Dec 31 Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of Monty Company uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 20193 (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.) Debit Credit Date Account Titles and Explanation Jan 1 Question 3 of 5 -12 E Date Account Titles and Explanation Debit Credit . (To record depreciation to date of disposal) To record sale of computer) Question 3 of 5