The property, plant, and equipment accounts for Sheffield Company held the following opening balances on January 1, 2020 (the first day of Sheffield'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 2020 (assume all transactions took place on January 1). Sheffield Company paid $18.200 related to the machinery and $7 600 related to the equipment for maintenance to keep the assets in normal working a order. b. 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 Sheffield was given a trade in allowance of $4.500 for the old equipment c. Sheffield Company made an agreement with GRN Ltd. to exchange two similar plots of land. Sheffield's land had an original cost of $641,000 and a fair value of $715,000. GRN's land had an original cost of $661400 and a fair value of $759.000. Sheffield also paid $44,000 in cash to GRN as part of the transaction. The exchange lacks commercial substance. d. Sheffield 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 Sheffield 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.)