During the current year, Marshall Construction trades an old crane that has a book value of $189,360 (original cost $294,560 less accumulated depreciation $105,200) for a new crane from Brigham Manufacturing Co. The new crane cost Brigham $347,160 to manufacture and is classified as inventory. The following information is also available.

		Marshall Const.			Brigham Mfg. Co.
Fair value of old crane		$172,528
Fair value of new crane					$420,800
Cash paid		248,272
Cash received					248,272

(1) Assuming that this exchange is considered to have commercial substance, prepare the journal entries on the books of (1) Marshall Construction and (2) Brigham 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 0 for the amounts.)

(2) Assuming that this exchange lacks commercial substance for Marshall, prepare the journal entries on the books of Marshall Construction. (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 0 for the amounts.)

(3)Assuming the same facts as those in (a), except that the fair value of the old crane is $206,192 and the cash paid is $214,608, prepare the journal entries on the books of (1) Marshall Construction and (2) Brigham 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 0 for the amounts.)