Recording Fixed Asset Disposal On April 1, 2020, one of the two large production machines used by Evert Company stripped a gear, causing major internal damage. On April 5, 2020, the company decided to purchase a new machine (cost of $511,000) so that production could continue. On January 1, the accounts showed the following for the old machine: original cost, $252,000; accumulated depreciation, $176,400 (20-year life; no residual value). The company did not accept a trade-in offer of $37,800. Instead, the old machine was sold on April 5 to another company for $67,200. Evert spent $8,400 cleaning and $2,800 moving the machine prior to shipping. Insurance premiums (prepaid) on the old machine were $1,260; the unused portion of the premium is applied to the new machine. 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, 2020. Date April 5, 2020 Account Name Dr. Cr. - 0 0 - 0 0 b. Record the entries for Evert Company on April 5, 2020, to dispose of the old machine, including any required updates for depreciation and for insurance expense. Note: Round your answers to the nearest whole number. Note: Record debit accounts in alphabetical order using the first letter of the account name. Account Name April 5, 2020 Date Dr. Cr. 0 o o 0 To update depreciation. April 5, 2020 o o o o To record insurance. April 5, 2020 ooo ooo