A machine that cost $$261,000$ has annual depreciation expense of $$52,200$ and accumulated depreciation of $$130,500$ at December $31,2025.$ On April $1,2026,$ when the machine has a fair value of $$100,950,$ it is exchanged for a similar machine with a fair value of $$384,000$ and the proper amount of cash is paid. The exchange lacked commercial substance.

Prepare all entries that are necessary at April $1,2026.($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.$)$

No$.$ Account Titles and Explanation

Debit

Credit

$$