Jill Co. exchanges an old Machine for a new Machine. The old Machine was originally bought for $300,000 and had accumulated depreciation at the time of sale of $75,000. At the time of the exchange the old machine has a fair market value of $200,000. Jill Co. received a new machine as well as $50,000 in cash. The exchange has commercial substance. What journal entry would Jill Co. record at the time of the sale? Dr. New Machine $150,000 Dr. Accumulated Depreciation $175,000 Dr. Cash $50,000 Cr. Old Machine $300,000 Cr. Gain $75,000 Dr. New Machine $150,000 Dr. Gain $25,000 Dr. Accumulated Depreciation $75,000 Dr. Cash $50,000 Cr. Old Machine $300,000 Dr. New Machine $150,000 Dr. Accumulated Depreciation $175,000 Dr. Cash $50,000 Old Machine $300.000