A machine cost, 140,000, has annual depreclation expense of $28,000 and has accumulated depreciation of $70,000 on December 31,2012. On April 1,2013, when the machine has a fair value of $56,000, it is exchanged for a similar machine with a fair value of $168,000 and the proper amount of cash paid (i.e. an amount such that the total consideration exchanged equals the fair value of the new machine.) The exchanged lacked commercial substance. Prepare all entries that are necessary at April 1,2013. Ch Allg 20 MacBook Air : F6 F2 FS F7 F8