Current Attempt in Progress Blossom is a cologne retailer. During 2023, Blossom had the following non-monetary transactions Scenario 1: Blossom exchanged 5,500 of its common shares (FMV of $10 each) for equipment with a FMV of $60,500. Scenario 2: Blossom traded machinery with a cost of $14,800 and accumulated depreciation of $5,920 for a piece of inventory management equipment owned by Francis Inc. The equipment is expected to help increase the speed with which Blossom fills its orders. An additional $2,900 was paid by Blossom in the exchange. The inventory management equipment has a cost of $20,900 and accumulated depreciation of $12,540 on Francis' accounting records. Fair values for the machinery and the inventory management equipment are $9,780 and $12,680 respectively. For each of the above independent scenarios, prepare the journal entry necessary to record the transaction, assuming that Blossom follows IFRS. (Credit account titles are automatically Indented when the amount is entered. Do not indet manually. If no entry is required. select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries) No. Account Titles and Explanation Scenario 11 ipment Scenario 2 Common Shares Debit Credit 60500