Pina Corporation wishes to exchange a machine used in its operations. Pina has received the following offers from other companies in the industry. 1. Grouper Company offered to exchange a similar machine plus $25,760. (The exchange has commercial substance for both parties.) 2. Monty Company offered to exchange a similar machine. (The exchange lacks commercial substance for both parties.) 3. Flounder Company offered to exchange a similar machine, but wanted $3,360 in addition to Pina's machine. (The exchange has commercial substance for both parties.) In addition, Pina contacted Culver Corporation, a dealer in machines. To obtain a new machine, Pina must pay $104,160 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 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.) Grouper Company. 2. Pina Corporation Monty Company. Monty Company. 3. Pina Corperation Flounder Company. Flounder Company. 4. Pina Corporation Culver Company. (To record exchange of inventory) (To record cost of inventory)