The production manager of Sarasota Corporation wants to acquire a different brand of machine by exchanging the machine that it currently uses in operations for the brand of equipment that others in the industry are using. The brand being used by other companies is more comfortable for the operators because it has different attachments that allow the operators to adjust the controls for a variety of arm and hand positions. The production manager has received the following offers from other companies:

1.		Secord Corp. offered to give Sarasota a similar machine plus $23,690 in exchange for Sarasotas machine.
2.		Bateman Corp. offered a straight exchange for a similar machine with essentially the same value in use.
3.		Shripad Corp. offered to exchange a similar machine with the same value in use, but wanted $8,240 cash in addition to Sarasotas machine. Assume that the exchange is nonmonetary and lacks commercial substance.
4.		The production manager has also contacted Ansong Corporation, a dealer in machines. To obtain a new machine from Ansong, Sarasota would have to pay $95,790 and also trade in its old machine.

Sarasotas equipment has a cost of $164,800, a net book value of $113,300, and a fair value of $94,760. The following table shows the information needed to record the machine exchange between the companies:

		Secord		Bateman		Shripad		Ansong
Machine cost		$123,600		$151,410		$164,800		$133,900
Accumulated depreciationmachinery		46,350		73,130		77,250		-0-
Fair value		71,070		94,760		103,000		190,550

For each of the four independent situations, assume that Sarasota accepts the offer. Prepare the journal entries to record the exchange on the books of each company. Assume that transactions 2 and 3 lack commercial substance for Bateman Company and Shripad Company respectively. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amo