View Policies Current Attempt in Progress Here are selected 2022 transactions of Pina Colada Company. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2012. The machine cost $63,600 and had a useful life of 10 years with no salvage value. Sold a computer that was purchased on January 1, 2019. The computer cost $36,900 and had a useful life of 5 years with no salvage value. The computer was sold for $15,700 cash. June 30 Dec. 31 Discarded a delivery truck that was purchased on January 1, 2018. The truck cost $38.160. It was depreciated based on a 6-year useful life with a $3,000 salvage value. Journalize all entries required on the above dates, including entries to update depreciation on assets disposed of where applicable. Pina Colada Company uses straight-line depreciation. (Assume depreciation is up to date as of December 31, 2021.) (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 Accumulated Depreciation Equipment 63.600 Equipment 63.60 June 30 Depreciation Expense Accumulated Depreciation-Equipment (To record depreciation to date of disposal) June 30 Cash 15.700 Accumulated Depreciation Equipment Equipment 36,90 (To record sale of computer) Dec. 31 Depreciation Expense Accumulated Depreciation-Equipment (To record depreciation to date of disposal) Dec. 31 Cash Accumulated Depreciation-Equipment Gain on Disposal of Plant Assets (To record retirement of truck)