On April 1, one of two large production machines used by Evert Company stripped a gear, causing major internal damage. On April 5 , the company decided to purchase a new machine (cost of $365,000 ) so that production could continue. The old machine had the following account balances on January 1: original cost, $180,000; accumulated depreciation, $126,000 (20-year life; no residual value). The company rejected a trade-in offer of $27,000. Instead, the old machine was sold on April 5 to another company for $48,000. Evert spent $6,000 on cleaning and $2,000 on moving the old machine prior to shipping. Insurance premiums (prepaid) on the old machine were $900; the unused portion of the premium is applied to the new machine for the same coverage and cost. That insurance was paid on January 1 and covered the period January 1 through December 31. a. Record the entry for Evert Company to purchase equipment on April 5. b. Record the entries for Evert Company on April 5 to dispose of the old machine, including any required updates for depreciation and for insurance expense. Note: Round answers to the nearest whole dollar