Presented below are two independent transactions. Both transactions have commercial substance. 1. Marigold Co. exchanged old trucks (cost $63,000 less $18,000 accumulated depreciation) plus cash of $17,000 for new trucks. The old trucks had a fair value of $41,300. 2. Martinez Inc. trades its used machine (cost $11,250 less $3,750 accumulated depreciation) for a new machine. In addition to exchanging the old machine (which had a fair value of $10,900), Martinez also paid cash of $3,000. (a) Prepare the entry to record the exchange of assets by Marigold Co. (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 account titles and enter Ofor the amounts. Include in your journal entry separate account entries for both the new and old equipment.) 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 Ofor the amounts. Include in your journal entry separate account entries for both the new and old equipment.) Account Titles and Explanation Debit Credit Prepare the entry to record the exchange of assets by Martinez 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 account titles and enter O for the amounts. Include in your journal entry separate account entries for both the new and old equipment.) Account Titles and Explanation Debit Credit