91. Dodson Company traded in a manual pressing machine for an automated pressing machine and gave $16,000 cash. The old machine cost $186,000 and had a net book value of $142,000. The old machine had a fair value of $120,000. Which of the following is the correct journal entry to record the exchange? a. Equipment 136,000 Loss on Disposal 22,000 Accumulated Depreciation 44,000 Equipment 186,000 Cash 16,000 b. Equipment 136,000 Equipment 120,000 Cash 16,000 c. Cash 16,000 Equipment 120,000 Loss on Disposal 22,000 Accumulated Depreciation 44,000 Equipment 202,000 d. Equipment 246,000 Accumulated Depreciation 44,000 Equipment 186,000 Cash 16,000