CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT RCES Problem 9-03A Ivanhoe Company had the following assets on January 1, 2022 (Part Salvage Value Item Machinery Forklift Truck $0 Cost $61,000 20,000 26,400 Useful Life (in years) 10 5 8 Purchase Date Jan 1, 2012 Jan 1, 2019 Jan 1, 2017 3,000 During 2022, each of the assets was removed from service. The machinery was retired on January 1. The forklift was sold on June 30 for $11,000. 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, 2021. (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 tities and enter o for the amounts.) Date Account Titles and Explanation Debit Credit (To record depreciation expense on for it)