During the current year, Culver Construction trades an old crane that has a book value of $113,400 (original cost $176,400 less accumulated depreciation $63,000 ) for a new crane from Larkspur Manufacturing Co. The new crane cost Larkspur $207,900 to manufacture and is classified as inventory. The following information is also available. (a) Assuming that this exchange is considered to have commercial substance, prepare the journal entries on the books of (1) Culver Construction and (2) Larkspur 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.)