Intermediate accounting (need a solution)

Question one: (15 marks) On, May 1, 2018, S. Products Co. purchased new machinery for $461,000. The machinery has an estimated useful life of eight years and 11,000 salvage value. The company computed the depreciation by the sum-of-the- years'-digits method. In 31/01/2020 the company decided to exchange its machinery with new one, in that date the old machine fair market value estimated to$ 298,000. The company will pay $212,625 and the old machine to get the new one (no-commercial substances). The new machine will depreciate on the unit of activities method for the year 2020 with estimated totally 200,000 units to produce and 10,000 salvage values during, 2020 the company produce 120,000 units Required: Journalize all entries on 31/12/ 2018 ,31/01/2019 ,31/12/2019 and 31/12/2020