Crane Corporation wishes to exchange a machine used in its operations. Crane has received the following offers from other companies in the industry. 1. Cheyenne Company offered to exchange a similar machine plus $23,460. (The exchange has commercial substance for both parties.) 2. Ayayai Company offered to exchange a similar machine. (The exchange lacks commercial substance for both parties.) 3. Pina Company offered to exchange a similar machine, but wanted $3,060 in addition to Crane's machine. (The exchange has commercial substance for both parties.) In addition, Crane contacted Grouper Corporation, a dealer in machines. To obtain a new machine. Crane must pay $94,860 in addition to trading in its old machine. 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 outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter 0 for the amounts List all debit entries before credit entries.)