During the current year, Cullumber Construction trades an old crane that has a book value of $120,600 (original cost $187,600 less accumulated depreciation $67,000 ) for a new crane from Riverbed Manufacturing Co. The new crane cost Riverbed $221,100 to manufacture and is classified as inventory. The following information is also available. Assuming that this exchange is considered to have commercial substance, prepare the journal entries on the books of (1) Cullumber Construction and (2) Riverbed Manufacturing (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 tities and enter 0 for the amounts.) No. Account Titles and Explanation Debit Credit 1. Cullumber Construction 2. Riverbed Manufacturing (To record exchange of inventory) (To record exchange of inventory) (To record cost of inventory) Assuming that this exchange lacks commercial substance for Cullumber, prepare the journal entries on the books of (1) Cullumber Construction and (2) Riverbed Manufacturing. (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 O for the amounts.) Assuming that this exchange lacks commercial substance for Cullumber, prepare the journal entries on the books of (1) Cullumber Construction and (2) Riverbed Manufacturing. (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.) 2. Riverbed Manufacturing (To record exchange of inventory) (To record cost of inventory) Assuming the same facts as those in (a), except that the fair value of the old crane is $131,320 and the cash paid is $136,680, prepare the journal entries on the books of (1) Cullumber Construction and (2) Riverbed Manufacturing. (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.) 2. Riverbed Manufacturing (To record exchange of inventory) (To record cost of inventory) Assuming the same facts as those in (b), except that the fair value of the old crane is $129,980 and the cash paid $138,020. prepare the journal entries on the books of (1) Cullumber Construction and (2) Riverbed Manufacturing. (Credit account title are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" the account titles and enter 0 for the amounts.) 2. Riverbed Manufacturing (To record exchange of inventory) (To record cost of inventory)