Please solve the items for December 31st entry at the bottom for Loss on Disposal of Plant Assets and Accumulated Deprection Equipment. This is circled in Red and highleted in Yellow. at the bottom of the image.

Ivanhoe Company had the following assets on January 1, 2025. Useful Life item Cost Purchase Date (in years) Salvage Value Machinery $61,000 Jan. 1, 2015 10 $0 Forklift 20,000 Jan. 1, 2022 5 0 Truck 26,400 Jan. 1, 2020 8 During 2025, 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, 2024. (List all debit entries before credit entries. 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 titles and enter O for the amounts.) Date Account Titles and Explanation Jan. 1 \" Accumulated Depreciation-Equipment | Equipment | (To record disposal of machinery) June 30 Depreciation Expense | Accumulated Depreciation-Equipment (To record depreciation expense on forklift) June 3O Cash Accumulated Depreciation-Equipment Equipment Gain on Disposal of Plant Assets | (To record sale of forklift) | Dec. 31 -| | Depreciation Expense | Accumulated Depreciation-Equipment (To record depreciation expense on truck) Dec 31 | | Loss on Disposal of Plant Assets | Accumulated Depreciation-Equipment Equipment (To record disposal of truck)