Bramble Corporation wishes to exchange a machine used in its operations. Bramble has received the following offers from other companies in the industry. 1. 2. 3. Sunland Company offered to exchange a similar machine plus $33,120. (The exchange has commercial substance for both parties.) Coronado Company offered to exchange a similar machine. (The exchange lacks commercial substance for both parties.) Whispering Company offered to exchange a similar machine, but wanted $4,320 in addition to Bramble's machine. (The exchange has commercial substance for both parties.) In addition, Bramble contacted Metlock Corporation, a dealer in machines. To obtain a new machine, Bramble must pay $133,920 in addition to trading in its old machine. Bramble $230,400 86,400 132,480 Machine cost Accumulated depreciation Fair value Sunland $172,800 64,800 99,360 Coronado $218,880 102,240 132,480 Whispering $230,400 108,000 136,800 Metlock $187.200 266,400 For each of the four independent situations, prepare the journal entries to record the exchange on the books of each company. (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 No. Account Titles and Explanation 1. Bramble Corporation Sunland Company 2. Bramble Corporation Coronado Company 3. Bramble Corporation Whispering Company 4. Bramble Corporation Metlock Company (To record exchange of inventory) (To record cost of inventory)