Pronghorn Corporation wishes to exchange a machine used in its operations. Pronghorn has received the following offers from other companies in the industry. 1. Stellar Company offered to exchange a similar machine plus s33,580. (The exchange has commercial substance for both parties.) 2. Pearl Company offered to exchange a similar machine. (The exchange lacks commercial substance for both parties.) 3. Martinez Company offered to exchange a similar machine, but wanted $4,380 in addition to Pronghorn's machine. (The exchange has commercial substance for both parties.) In addition, Pronghorn contacted Sandhil Corporation, a dealer in machines. To obtain a new machine, Pronghorn must pay $135,780 in addition to trading in its old machine. Pronghorn Stellar Pearl Martinez Sandhill Machine cost Accumulated depreciation Fair value $233,600 $175,200 $221,920 $233,600 $189,800 87,600 65,700 103,660 109,500 134,320 100,740 134,320 138,700 270,100 For each of the four independent situations, prepare the journal entries to record the exchange on the books of each company, (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.) No. Account Titles and Explanation Debit Credit Cash 33580 Machinery 100740 87600 Loss on Disposal of Machinery 11680 233600 Stellar Company