Prepare the entry to record the exchange of assets by Pronghorn C0. (List all debit entries before credit entries. Credit occount titles are automaticalfy indented when amount is entered. Do not indent manually, If no entry is required, select "No Entry" for the account tides and enter 0 for the amounts. Include in your journal entry seporate account entries for both the new and old equiprnent.) Presented below are two independent transactions. Both transactions have commercial substance. 1. Pronghorn C0. exchanged old trucks icost $64,000 less $19,000 accumulated depreciation) plus cash of $18,000 for new trucks, The old trucks had a fair value of $40,300. 2. Culver Inc trades its used machine (cost $13,260 less $4,420 accumulated depreciation) for a new machine. In addition to exchanging the old machine (which had a fair value of $12,240 ). Culver also paid cash of $2,600. Prepare the entry to record the exchange of assets by Culver Inc. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry' for the occount titles and enter 0 for the amounts. Include in your joumal entry separate occount entries for both the new and old equipment.)