Problem 10-10 During the current year, Windsor Construction trades an old crane that has a book value of $108,000 (original cost $168,000 less accumulated depreciation $60,000) for a new crane from Sheridan Manufacturing Co. The new crane cost Sheridan $198,000 to manufacture and is classified as inventory. The following information is also available. Windsor Const Sheridan Mfg. Co Fair value of old crane Fair value of new crane Cash paid Cash received $98,400 $240,000 141,600 141,600 Assuming that this exchange is considered to have commercial substance, prepare the journal entries on the books of (1) Windsor Construction and (2) Sheridan Manufacturing. (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 0 for the amounts.)