Current Attempt in Progress Presented below are selected transactions at Blossom Company for 2020. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2010. The machine cost $ 61,700 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 $ 14,500. Dec. 31 Discarded a delivery truck that was purchased on January 1, 2016. The truck cost $ 39,540. 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. Blossom Company 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 61,700 Depreciation Expense 61,7 June 30 Depletion Expense Accumulated Depreciation Equipment (To record depreciation to date of disposal) June 30 Cash Accumulated Depreciation-Equipment Equipment Gain on Disposal of Plant Assets Date Account Titles and Explanation Debit Credit Jan. 1 Accumulated Depreciation Equipment 61,700 Depreciation Expense 61,7 June 30 Depletion Expense Accumulated Depreciation-Equipment (To record depreciation to date of disposal) June 30 Cash Accumulated Depreciation-Equipment Equipment Gain on Disposal of Plant Assets (To record sale of computer) Dec. 31 Depreciation Expense Accumulated Depreciation-Equipment (To record depreciation to date of disposal) Dec. 31 Loss on Disposal of Plant Assets Accumulated Depreciation-Equipment Equipment (To record retirement of truck)