Bacon Company acquired new machinery with a price of $14,477 by trading in similar old machinery and paying $13,029.30. The old machinery originally cost $8,721 and had accumulated depreciation of $6,976,80. In recording this transaction, Bacon Company should record Oa a loss of $296.50 Ob the new machinery at $12,732.80 Oc. the new machinery at $13.029.30 Od again of 5296 50