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Problem P8-6: Recording and Interpreting the Disposal of Three Long-Lived Assets During 2015, Sapporo Enterprises disposed of three different assets. On January 1, 2015, prior to their disposal, the accounts reflected the following: Accumulated Asset Machine A Machine B Machine C Original Cost Residual Value Estimate d Life $10,500 $1,500 8 Years $20,500 $2,000 10 Years $37,500 $2,500 15 Years Depreciation (straight line) $6,750 (6 yrs) $14,800 (8yrs) $28,000 (12yrs) The machines were disposed of in the following ways: a. Machine A: Sold on January 1, 2015, for $3,600 cash. b. Machine B: Sold on December 31, 2015 for $4,250; received cash, $1,250, and a $3,000 interest bearing (12 Percent) note receivable due at the end of 12 months. c. Machine C: On January 1, 2015, this machine suffered irreparable damage from an accident. On January 10, 2015, a salvage company removed the machine at no cost. Required. 1. Give all journal entries related to the disposal of each machine in 2015. 2. Explain the accounting rationale for the way that you recorded each disposal