(A) Peterson Company exchanged an old equipment on December 31,2020 with extra cash of $3,200 for a new equipment. The new equipment had a market value of $15,000, cost of $55,000 and accumulated depreciation of $36,000. Required: Prepare the journal entries required to record the exhange of the equipment of Peterson Company on December 31, 2020. Date Account DR CR (B) Vancouver Limited has the following transactions relating to the acquisition of a machine in December. Jan 1 Jan 1 Jan 10 Jan 11 Jan 12 Jan 15 Jan 20 Jan 30 Aug 1 Dec 29 Purchased a machine for $20,000, terms 5/10, n/30. Paid transportation costs $1,000. Paid installation costs $500. A test run was performed and $50 of materials was consumed. All products are not saleable. First day of operation of the machine. Paid insurance expenses for the next 12 months, $1,200. $70 was spent on purchasing a specially designed supplies for the machine. Paid the supplier for the machine purchased on Jan 5. For safety purposes, a new safety device was added to the machine, $1,500. Annual routine fine-tuning work on the machine was performed, $100. Required: For accounting purposes, calculate the total costs of the machine by complete the following table. Descriptions $