Splish Corporation wishes to exchange a machine used in its operations. Splish has received the following offers from other companies in the industry.

1.		Blossom Company offered to exchange a similar machine plus $25,300. (The exchange has commercial substance for both parties.)
2.		Blue Company offered to exchange a similar machine. (The exchange lacks commercial substance for both parties.)
3.		Kingbird Company offered to exchange a similar machine, but wanted $3,300 in addition to Splishs machine. (The exchange has commercial substance for both parties.)

In addition, Splish contacted Oriole Corporation, a dealer in machines. To obtain a new machine, Splish must pay $102,300 in addition to trading in its old machine.

		Splish		Blossom		Blue		Kingbird		Oriole
Machine cost		$176,000		$132,000		$167,200		$176,000		$143,000
Accumulated depreciation		66,000		49,500		78,100		82,500		0
Fair value		101,200		75,900		101,200		104,500		203,500

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.)