A machine cost $255,200, has annual depreciation expense of $51,040, and has accumulated depreciation of $127,600 on December 31, 2020. On April 1, 2021, when the machine has a fair value of $102,490, it is exchanged for a similar machine with a fair value of $286,500 and the proper amount of cash is paid. The exchange lacked commercial substance. Prepare all entries that are necessary at April 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date April 1, 2021 12760 Depreciation Expense Accumulated Depreciati 12760 (To record depreciation) April 1, 2021 Machinery 286500 Accumulated Depreciation 140360 Loss on Disposal of Machin Cash Machinery 255200 (To record exchange of machineries)