Carla Corporation wishes to exchange a machine used in its operations. Carla has received the following offers from other companies in the industry. 1. Sarasota Company offered to exchange a similar machine plus $24,380. (The exchange has commercial substance for both parties.) 2. Ivanhoe Company offered to exchange a similar machine. (The exchange lacks commercial substance for both parties.) 3. Shamrock Company offered to exchange a similar machine, but wanted $3,180 in addition to Carla's machine. (The exchange has commercial substance for both parties.) In addition, Carla contacted Bridgeport Corporation, a dealer in machines. To obtain a new machine, Carla must pay $98,580 in addition to trading in its old machine. Machine cost Accumulated depreciation Fair value Carla Sarasota Ivanhoe Shamrock Bridgeport $169,600 $127,200 $161,120 $169,600 $137,800 63.600 47,700 75,260 79,500 -0- 97,520 73,140 97,520 100,700 196,100 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 for the amounts.) No. Account Titles and Explanation Debit Credit 1. Carla Corporation