Caleb Company owns a machine that had cost $$49,600$ with accumulated depreciation of $$22,000.$ Caleb exchanges the machine for o newer model that has o morket volue of $$59,000.1.$ Record the exchange ossuming Coleb poid $$33,600$ cosh and the exchange has commercial substance. $2$ Record the exchange assuming Caleb paid $$25,600$ cosh and the exchange has commercial substance. Journal entry worksheet B Record the exchange assuming Caleb paid $$33,600$ cash and the exchange has commercial substance. Note: Enter debits before credits.