You have two clients that are considering trading machinery with each other. Although the machines are different from each other, you believe that an assessment of expected cash flows on the exchanged assets will indicate the exchange lacks commercial substance. Your clients would prefer that the exchange be deemed to have commercial substance, to allow them to record gains. Here are the facts:

		Client A			Client B
Original cost		$104,000			$149,800
Accumulated depreciation		38,300			79,500
Fair value		88,100			110,500
Cash received (paid)		(22,400	)		22,400

Please I just need help on the 3 missing answers! If you can show step by step I'd appreciate it!

Record the entry on Client B's books assuming the exchange has commercial substance. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Machinery 88100 Accumulated Depreciation-Machinery 79500 Cash 22400 Machinery 149800 Gain on Disposal of Machinery Record the entry on Client B's books assuming the exchange lacks commercial substance. (Round intermediate calculations to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places e.g. 58,971. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Machinery Cash 22400 Accumulated Depreciation-Machinery 79500 Gain on Disposal of Machinery Machinery 149800