Question: For part (c), assuming the same facts as those in part (a), except that the fair value of the old crane is at $111,720.00 and

For part (c), assuming the same facts as those in part (a), except that the fair value of the old crane is at $111,720.00 and the cash paid is $116,280.00, prepare the journal entries on the books of (1) Sheridan Construction and (2) Skysong Manufacturing

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