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 $401,500) so that production could continue. The old machine had the following account balances on January 1: original cost, $198,000; accumulated depreciation, $138,600 (20-year life; no residual value). The company rejected a trade-in oer of $29,700. Instead, the old machine was sold on April 5 to another company for $52,800. Evert spent $6,600 on cleaning and $2,200 on moving the old machine prior to shipping. Insurance premiums (prepaid) on the old machine were $990; 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.

Just need part B

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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