I need help in the last one.

You have two clients that are considering trading machinery with each other. Although the machines are different from each other, you believe that an assessment of expected ill indicate the exchange lacks commercial substance. Your clients would prefer that the exchange be deemed to have commercial substance, to allow them to record gains. Here are the facts: Original cost Accumulated depreciation Fair value Cash received (paid) Client A Client B $ 105,700 $146,000 42,600 75,000 87,800 112,500 (24,700) 24,700 Your answer is correct. Record the trade-in on Client A's books assuming the exchange has commercial substance. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit TMachinery 112500 TAccumulated Depreciation 42600 T Machinery 105700 Cash 24700 TGain on Disposal of Ma 24700 Record the trade-in on Client A's books assuming the exchange lacks commercial substance. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit TMachinery T 87800 2 TAccumulated Depreciation 42600 T Machinery T 105700 T Cash 24700 Record the entry on Client B's books assuming the exchange has commercial substance. (If no entry is required, select "No Entry" for the account titles and enter o forth amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit TMachinery 87800 TCash 24700 TAccumulated Depreciation 75000 T Machinery 146000) T Gain on Disposal of Ma 41500 Your answer is partially correct. Try again. Record the entry on Client B's books assuming the exchange lacks commercial substance. (Round intermediate calculations to 5 decimal places, e.g. 1.25124 and final answer to O decimal places e.g. 58,971. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit TMachinery 112500 TCash 24700 TAccumulated Depreciation 75000 T Machinery 146000 Gain on Disposal of Ma 66200