The property, plant, and equipment accounts for Cullumber Company held the following opening balances on January 1, 2023 (the first day of Cullumber's fiscal year): Land $641,000 Equipment 771,000 Accumulated Depreciation-Equipment 119,000 Machinery 459,000 Accumulated Depreciation-Machinery 170,000 The following transactions took place during 2023 (assume all transactions took place on January 1): a. b. C. d. Cullumber Company paid $18,200 related to the machinery and $7,600 related to the equipment for maintenance to keep the assets in normal working order. Equipment with an original cost of $39,100 and accumulated depreciation of $29,400 was traded in on some new equipment. The new equipment had a fair value of $49,300, and Cullumber was given a trade in allowance of $4,500 for the old equipment. Cullumber Company made an agreement with GRN Ltd. to exchange two similar plots of land. Cullumber's land had an original cost of $641,000 and a fair value of $715,000. GRN's land had an original cost of $661,400 and a fair value of $759,000. Cullumber also paid $44,000 in cash to GRN as part of the transaction. The exchange lacks commercial substance. Cullumber paid $67,000 on a major upgrade to some of the equipment that significantly increased the economic life of the equipment. Prepare the journal entries to record the above transactions on the books of Cullumber Company. (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 O for the amounts. List all debit entries before credit entries.)