Please provide journal entries. No intermediate work to be shown.

Mar. 13 Traded in old machine vision inspection equipment purchased in February, 2014 for $112,000 in exchange for a new, current-technology version with a fair value of $90,000. Transactions & Events teipment was faster and more accurate than the old and would result in Thanuracturing cost-savings for Alaqua Co. (thus it had 'commercial substance'). In addition to the trade-in, Alaqua Co. paid $46,000 to the equipment vendor, $1,500 for shipping & delivery, and $2,500 for installation & testing to make the new equipment ready for its intended use. Ignore refundable taxes. April 17 May 1 Sold a Plastic Extruder as scrap metal for $2,200. This equipment was acquired in June, 2012 at a cost of $20,200, but had not been used since June, 2019. Acquired an Automated Packaging Machine. The manufacturer's invoice price was $225,000. Payment terms included a $100,000 cash down payment plus a promissory note payable to the vendor requiring two annual instalments of $62,500 each, payable April 30, 2022 and 2023. The implied interest rate was 5%. The Accounting & Finance Department also applied for an Eco-Save Grant for 18% of the manufacturer's invoice price but was uncertain whether the Grant would be awarded. Aug. 25 Received the Eco-Save Grant from the Ontario Government for the full amount applied for