help me with part D please.

thanks

During the current year, Crane Construction trades an old crane that has a book value of $131,400 (original cost $204,400 less accumulated depreciation $73,000) for a new crane from Cheyenne Manufacturing Co. The new crane cost Cheyenne $240,900 to manufacture and is classified as inventory. The following information is also available. Crane Const. Cheyenne Mfg. Co. Fair value of old crane $119,720 Fair value of new crane $292,000 Cash paid 172,280 Cash received 172,280 (a) Your Answer Correct Answer ( Your answer is correct. Assuming that this exchange is considered to have commercial substance, prepare the journal entries on the books of (1) Crane Construction and (2) Cheyenne 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.) No. Account Titles and Explanation Debit Crec 1. Crane Construction Your Answer Correct Answer Your answer is correct. Assuming that this exchange is considered to have commercial substance, prepare the journal entries on the books of (1) Crane Construction and (2) Cheyenne 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 O0 for the amounts.) S Account Titles and Explanation Debit Credit Crane Construction Equipment Accumulated Depreciation Equipment Loss on Disposal of Equipment Equipment Cash Cheyenne Manufacturing Cash Inventory Sales Revenue (To record exchange of inventory) Cost of Goods Sold 292000 73000 11680 172280 119720 240900 17 25 ( (d) Assuming the same facts as those in (b), except that the fair value of the old crane is $141,620 and the cash paid $150,380, prepare the journal entries on the books of (1) Crane Construction and (2) Cheyenne 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.) ecount Titles and Explanation Debit Credit rane Construction heyenne Manufacturing fo record exchange of inventory) To record cost of inventory) TI