MSN Company owns an old machine that cost $30,000, has annual depreciation expense of $6,000, and has accumulated depreciation of $15,000 on December 31, 2020. On April 30, 2021, when the machine has a fair value of $12,000, it was exchanged for a similar machine that worth $36,000 and the proper amount of cash is paid. The exchange lacks commercial substance. Required: Prepare the necessary journal entries on April 30, 2021 For the toolbar, press Alt+F10 (PC) or ALT-FN-F10 (Mac). BI U f Paragraph Arial 10pt !!! iii > A Ao wants Web