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supplier of the new machine agrees to take $$82,800$ off the price of the new machine even though the fair value of the old machine on the day of the $$32,800.$

Required

a$)$ Prepare the depreciation table over the life of the old machine.

Do not enter dollar signs or commas in the input boxes.

Round all dollar figure answers to the nearest whole number.

b$)$ Record the journal entry for the machine exchange, assuming that the exchange has commercial substance. Assume the company immediately paid for the new machine.

Enter all debit accounts in alphabetical order.

Enter all credit accounts in alphabetical order. Take me to the text On July $1,2015,$ Bob's Juice Factory purchased a bottle$-$sealing machine for $\backslash (\backslash$$ $172,800\backslash ).$ The machine has an estimated useful life of $10$ years and is expected to have no residual value. Assume that the company has adopted a partial$-$year depreciation policy, where depreciation is applied on a monthly basis. The company uses straight line depreciation. The fiscal year$-$end for Bob's Juice Factory is December $31.$ On November $1,2023$ Bob's Juice Factory traded this machine for a new machine. The price tag on the new machine is $\backslash (\backslash$$ $182,800\backslash ).$ In return for the old machine that Bob's Juice Factory is giving up$,$ the supplier of the new machine agrees to take $\backslash (\backslash$$ $82,800\backslash )$ off the price of the new machine even though the fair value of the old machine on the day of the trade is only $\backslash (\backslash$$ $32,800\backslash ).$ Required a$)$ Prepare the depreciation table over the life of the old machine.b$)$ Record the journal entry for the machine exchange, assuming that the exchange has commercial substance. Assume the company immediately paid for the new machine. Enter all debit accounts in alphabetical order.