Riverbed Corporation wishes to exchange a machine used in its operations. Riverbed has received the following offers from other companies in the industry. 1. Marin Company offered to exchange a similar machine plus $25,760. (The exchange has commercial substance for both parties.) 2. Headland Company offered to exchange a similar machine. (The exchange lacks commercial substance for both parties.) 3. Sage Company offered to exchange a similar machine, but wanted $3.360 in addition to Riverbed's machine. (The exchange has commercial substance for both parties.) In addition, Riverbed contacted Pronghom Corporation, a dealer in machines. To obtain a new machine, Riverbed must pay $104,160 in addition to trading in its old machine. Machine cost Accumulated depreciation Fair value Riverbed $179,200 67,200 103,040 Marin $134,400 50,400 77,280 Headland $170,240 79,520 103,040 Sage $179,200 84,000 106,400 Pronghorn $145,600 -0- 207,200 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 for the amounts.) Debit Credit No. Account Titles and Explanation 1. Riverbed Corporation Marin Company 2. Riverbed Corporation Headland Company 3. Riverbed Corporation Sage Company 4. Riverbed Corporation Pronghorn Company (To record exchange of inventory) (To record cost of inventory)