Question 7) Presented here are selected transactions for Hamid Company for 2018. Retired a piece of machinery that was purchased on January 1, 2008. The machine cost $93,000 on that date and had a useful life of 10 years with no salvage value. Jan. 1 June 30 Sold a computer that was purchased on January 1, 2015. The computer cost $30,000 and had a useful life of 6 years with no salvage value. The computer was sold for $17,000. Nov. I Discarded a delivery truck that was purchased on January 1, 2015 The truck cost $34,200 and was depreciated based on an 8-year useful life with a $3,000 salvage value. Instructions: Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on assets disposed of. Hamid Company uses straight-line depreciation. (Assume depreciation is up to date as of December 31,2017)