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Splish Corporation wishes to exchange a machine used in its operations. Splish has received the following offers from other companies in the industry. 1. Blossom Company offered to exchange a similar machine plus $34,040. (The exchange has commercial substance for both parties.) 2. Blue Company offered to exchange a similar machine. (The exchange lacks commercial substance for both parties.) 3. Kingbird Company offered to exchange a similar machine, but wanted $4,440 in addition to Splish's machine. (The exchange has commercial substance for both parties.) In addition, Splish contacted Oriole Corporation, a dealer in machines. To obtain a new machine, Splish must pay $137,640 in addition to trading in its old machine. For each of the four independent situations, prepare the journal entries to record the exchange on the books of each company. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select " No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) For each of the four independent situations, prepare the journal entries to record the exchange on the books of each company. (Credit occount titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the blossom company. 2. Splish Corporation Blue Company Blue Company 3. Splish Corporation Kingbird Company, 4. Splish Corporation Oriole Company. (To record revenue) (To record cost of inventory) eTextbookand Media

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