Presented below are two independent transactions. Both transactions have commercial substance. 1. Pina Colada Co.exchanged old trucks (cost $61,300 less $19,300 accumulated depreciation) plus cash of $16,300 for new trucks. The old trucks had a fair value of $37,700. Pina Colada Inc. trades its used machine (cost $12,090 less $4,030 accumulated depreciation) for a new machine. In addition to exchanging the old machine (which had a fair value of $11,060), Pina Colada also paid cash of $2,900. 2 (a) Prepare the entry to record the exchange of assets by Pina Colada Co. (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 for the amounts.) Account Titles and Explanation Debit Credit