Harry Company traded in a dust-scrubbing piece of equipment for another version of the same type of equipment and paid $12,000 cash. The old dust scrubber cost $76,200 and had a net book value of $54,500. The old dust scrubber had a fair market value of $70,500. Required: a. Prepare the journal entry to record the exchange. 2. Assume the same information except that the fair market value of Harry's old dust scrubber was $52,000 instead of $70,500. entry to record the exchange. b. Prepare the journal