Question 8 15 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 sime 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+ENF10 (Mac) BI V & Paragraph Arial 10pt E 2 I. O WONDS BOWRID P 28C AENG 1836 24/10/2021