Ly Company disposed of two different assets. On January 1, prior to their disposal, the accounts reflected the following: Asset Original Cost Residual Value Estimated Life Accumulated Depreciation (straight-line)
Machine A $30,000 $3,000 5 years $21,600 (4 years)
Machine B 59,200 3,200 14 years 44,000 (11 years)

The machines were disposed of in the following ways:
a. Machine A: Sold on January 1 for $9,000 cash.
b. Machine B: On January 1, this machine suffered irreparable damage from an accident and was removed immediately by a salvage company at no cost.

Required:
Prepare the journal entry related to the disposal of Machine A and B at the beginning of the current year.