Presented below ze two independent transactions, Both transactions have commercial substance. 1. Pina Colada Co, exchanged old trucks (cost $65,500 less $23,500 accumulated depreciation) plus cash of $17,000 for new trucks. The old trucks had a fair value of $38,000. 2. Flint 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 ). Flint also paid cash of $2,900. (a) Prepare the entry to record the exchange of assets by Pina Colada Ca. (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 tities and enter O for the amounts. Include in your journal entry separate account entries for both the new and old equipment.)