Save Answer Question 4 3.5 points MSN Company owns an old machine that cost $60,000 has annual depreciation expense of S12,000, and has accumulated depreciation of $30,000 on December 31, 2020. On March 31, 2021, when the machine has a fair value of $24,000, it was exchanged for a similar machine that worth $72,000 and the proper amount of cash is paid. The exchange lacks commercial substance Required: Prepare the necessary journal entries on March 31, 2021. For the toolbar, press ALT+F40 (PC) OP ALT+N+F 10 (Mac) BI V. Paragraph Arial Topt A 2 I *** O WORDS POWERED IY TINY Activate dows