c. The machine plus $79,000 was exchanged for a delivery van having a fair value of $115,000 Journal entry worksheet Record the exchange of machine. Note: Enter debats before cred ts: d. The machine was traded for vacant land adjacent to the shop to be used as a parking lot. The land had a fair value of $86,000, and Direct Shoes inc. paid $36,000 cash in addition to giving the seller the machine. Journal entry worksheet Note: Enter debits before credits. b. The machine was traded in on new tools having a $139,000 cash price. A$51,000 trade-in allowance was received, and the balance was paid in cash. Since the tools have been customized, the fair values are not known. Journal entry worksheet On January 2, 2023, Direct Shoes Inc. disposed of a machine that cost $95,000 and had, been depreciated $50,350 Present the journal entries to record the disposal under each of the following unrelated assumptions: a. The machine was sold for $43,500 cash. Journal entry worksheet Journal entry worksheet