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 $146,000) so that production could continue. On January 1, the accounts showed the following for the old machine: original cost, $72,000; accumulated depreciation, $50,400 (20-year life; no residual value). The company did not accept a trade-in offer of $10,800. Instead, the old machine was sold on April 5 to another company for $19,200. Evert spent $2,400 cleaning and $800 moving the machine prior to shipping. Insurance premiums (prepaid) on the old machine were $360; 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 Dr. April 5, 2020 Account Name Cr. 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. Date Account Name Dr. April 5, 2020 Cr. To update depreciation. April 5, 2020 To record insurance. April 5, 2020 To record disposal