ThefollowinginformationisextractedfromthebooksofReginaCompany AssetsTransferred Crane Originalcost Kshs5,000,000 Accumulateddepreciation,updatedtodateofexchange Kshs 4,000,000 ThefollowingdifferentscenariosrelatetoReginaCompanyandtheCrane. a.AssumethatacranehasafairvalueofKshs1,200,000andisexchangedfora usedtruck whosevalueisnotmoreclearlydeterminable;nocashispaidor received.ThebookvalueofthecraneisKshs1,000,000. b.AssumethatthefairvalueofthecraneisstillKshs1,200,000butthatRegina alsopaysKshs90,000toobtaintheusedtruck c.AssumeReginaexchangesthecraneforanothercrane. d.Assumethatthecranesareswapped,butKshs60,000ispaidbyRegina e.Assumethatinstead,thatReginamustpayKshs420,000intheexchangeofthe cranes.TheoldcranehasafairvalueofKshs800,000andthenewcranehas beenappraisedatKshs1,400,000. f.AssumethatReginahasanestimatedfairvalueoftheCraneisKshs850,000 andthatthisvalueismoreclearlydeterminable.ReginastillpaysKshs420,000in exchangeofanothercrane. Required:Journalentriesforeachscenario

journal entries for each transaction