Concord Corporation wishes to exchange a machine used in its operations. Concord has received the following offers from other companies in the industry 1. 2 Marigold Company offered to exchange a similar machine plus 5 25,760, (The exchange has commercial substance for both parties) Swifty Company offered to exchange a similar machine (Theoxchange lacks commercial substance for both parties.) Nash Company offered to exchange a similar machine, but wanted $ 3.360 in addition to Concord's machine. The exchance has commercial substance for both parties.) 3. In addition, Concord contacted Crane Corporation, a dealer in machines. To obtain a new machine. Concord must pay $ 104.160 in addition to trading in its old machine. Concord Swifty Nash Crane Marigold $ 134,400 Machine cost $ 179,200 $ 170,240 $ 179,200 $145.600 Accumulated depreciation 67,200 50.400 79,520 84,000 -0 Fair value 103,040 77,280 103,040 106,400 207,200 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. Concord Corporation Marigold Company 2 Concord Corporation Swifty Company 3 Concord Corporation Nash Company | 4. Concord Corporation Crane Company (To record exchange of inventory) (To record cost of inventory)