Name: Problem (9 points); Presented below are selected transactions for the Ronnen Company for 2018. Jan. Retired a piece of machinery that was purchased on January 1, 2008. The machine cost $80,000 on that date, and had a useful life of 10 years with no salvage value April 30 Sold a printing machine for $50,000 that was purchased on January 1, 2015. The printer cost $90,000, and had a useful life of 5 years with no salvage value. Dec. 31 Discarded a business automobile that was purchased on September 1, 2013. The car cost $20,000 and was depreciated on an 8-year useful life with a salvage value of $800. Instructions Journalire all entries required as a result of the above transactions. Ronnen Company uses the straight-line method of depreciation and has recorded depreciation through December 31, 2018. Jan. April 30 Dec