7 1 points In an exchange with commercial substance, Alpha Co traded equipment with a cost of $7,700,000 and book value of $7,500,000 and gave $4,420,000 cash. The old machine bada fair value of $2,170,000 Which of the following journal entries would Alpha Co make to record the exchange? OA Equipment Accumulated Depreciation.. 6,590,000 5,530,000 Equipment Cash 1,700,000 4,420,000 OB Equipment. 6,590,000 Accumulated Depreciation 5,530,000 Equipment 12,120,000 OC Equipment 6,590,000 Loss on Disposal. 330,000 Accumulated Depreciation. 5,200,000 Equipment 7,700,000 Cash 4,420,000 OD. Equipment 6,920,000 Equipment 2,500,000 4,420,000 Cash