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 $34,040. (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 $4.440 in addition to Splish's 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 $137640 in addition trading in its old machine. to Splish Blossom Blue Kingbird Oriole Machine cost $236,800 $177,600 $224,960 $236,800 $192,400 Accumulated depreciation, 68,800 Fair value 136,160 66,600 102.120 105,080 111,000 -0- 136,160 140,600 273,800 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) No. Account Titles and Explanation 1. Splish Corporation Blossom Company Debit Credit Solish Corporation Blue Company Solish Corporation Kingbird Company Splish Corporation