Ayayai Corporation, which manufactures shoes, hired a recent college graduate to work in its accounting department. On the first day of work, the accountant was assigned to total a batch of invoices with the use of an adding machine. Before long, the accountant, who had never before seen such a machine, managed to break the machine. Ayayai Corporation gave the machine plus $347 to Pina Business Machine Company (dealer) in exchange for a new machine. Assume the following information about the machines. Ayayai Corp. (Old Machine) $296 143 Pina Co. (New Machine) $275 Machine cost Accumulated depreciation Fair value -0- 434 For each company, prepare the necessaryjournal entry to record the exchange. (The exchange has commercial substance.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter o for the amounts.) Debit Credit Account Titles and Explanation Ayayai Corporation Machinery Accumulated Depreciation-Machinery Loss on Disposal of Machinery Machinery Cash Pina Business Machine Company Cash Inventory Inventory