tuke renow-coont ter 9 Homework Saved Help Save & Exit Submit You received partial credit in the previous attempt. Check my work View previous attempt During the current year, Martinez Company disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following: Asset Machine A Machine B Origi al Cost $82.700 26,500 Residual Value $8,000 3,300 Estimated Life 15 years 8 years Accumulated Depreciation (straight-line) $64,740 (13 years) 17,400 (6 years) eBook ferences The machines were disposed of in the following ways: a. Machine A: Sold on January 2 for $26,500 cash. b. Machine B: On January 2, this machine was sold to a salvage company at zero proceeds (and zero cost of removal). Required: 1. & 2. Prepare the lournal entries related to the disposal of Machine A and B on the January 2 of the current year. TIP When no cash is received on disposal, the loss on disposal will equal the book value of the asset at the time of disposal. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list