please use excel for calculations and show all work

Question 2: Lorax Company wants to trade its computer for a smaller computer plus some cash. Lorax's computer originally cost $300,000 and has accumulated depreciation of $70,000, but its fair market value is $275,000. Mansfield Company is willing to trade its smaller computer plus $100,000 cash for Lorax's computer. The transaction is deemed by Lorax to have commercial substance. What journal entry will be made by Lorax to record the exchange