E$8\mathrm{.}8($LO $3),$ AP Here are selected $2027$ transactions of Akron Corporation.

Jan. $1$ Retired a piece of machinery that was purchased on January $1,2017.$ The machine cost $$62,000$ and had a useful life of $10$ years with no salvage value.

June $30$ Sold a computer that was purchased on January $1,2025.$ The computer cost $$36,000$ and had a useful life of $3$ years with no salvage value. The computer was sold for $$5,000$ cash.

Dec. $31$ Sold a delivery truck for $$9,000$ cash. The truck cost $$25,000$ when it was purchased on January $1,2024,$ and was depreciated based on a $5-$year useful life with a $$4,000$ salvage value.

Instructions

Prepare a tabular summary to record all transactions described on the above dates. Update depreciationon assets disposed of$,$ where applicable. Akron Corporation uses straight$-$line depreciation.