Current Attempt in Progress During the current year, Swifty Construction Ltd. traded an old crane that had a book value of $102,600 (original cost $159,600 less accumulated depreciation $57,000) for a new crane from Nash Manufacturing Inc. The new crane cost Nash $188,100 to manufacture and is classified as inventory. The following information is also available. Swifty Const. Nash Mfg. Inc. Fair value of old crane $93,480 Fair value of new crane $228,000 Cash paid 134,520 Cash received 134,520 Assuming that this exchange is considered to have commercial substance, prepare the journal entries on the books of (1) Swifty Construction and (2) Nash Manufacturing. (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 O for the amounts. List all debit entries before credit entries.) No. Account Titles and Explanation 1. Swifty Construction Ltd. Debit Credit