Sheffield Corporation wishes to exchange a machine used in its operations. Sheffield has received the following offers from other companies in the industry. 2. Tamarisk Company offered to exchange a similar machine plus $30,820. (The exchange has commercial substance for both parties.) Vaughn Company offered to exchange a similar machine. (The exchange lacks commercial substance for both parties.) 3. Bramble Company offered to exchange a similar machine, but wanted $4,020 in addition to Sheffield's machine. (The exchange has commercial substance for both parties.) In addition, Sheffield contacted Sunland Corporation, a dealer in machines. To obtain a new machine, Sheffield must pay $124,620 in addition to trading in its old machine. Machine cost Sheffield $214,400 Accumulated depreciation Fair valu 80,400 123,280 92,460 Tamarisk Vaughn Bramble $160,800 $203,680 $214,400 60,300 95,140 100,500 123.280 Sunland $174,200 -0- 127.300 247,900 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 O for the amounts. List all debit entries before credit entries)