Windsor Corporation wishes to exchange a machine used in its operations. Windsor has received the following offers from other companies in the industry.

1.		Sheridan Company offered to exchange a similar machine plus $25,760. (The exchange has commercial substance for both parties.)
2.		Skysong Company offered to exchange a similar machine. (The exchange lacks commercial substance for both parties.)
3.		Concord Company offered to exchange a similar machine, but wanted $3,360 in addition to Windsors machine. (The exchange has commercial substance for both parties.)

In addition, Windsor contacted Marigold Corporation, a dealer in machines. To obtain a new machine, Windsor must pay $104,160 in addition to trading in its old machine.

		Windsor		Sheridan		Skysong		Concord		Marigold
Machine cost		$179,200		$134,400		$170,240		$179,200		$145,600
Accumulated depreciation		67,200		50,400		79,520		84,000		0
Fair value		103,040		77,280		103,040		106,400		207,200

For each of the four independent situations, prepare the journal entries to record the exchange on the books of each company.