Problem 6: Nonmonetary Exchanges (30 Points) BMA wishes to exchange a medical machine used in its hospital. BMA has received the following offers form the other hospitals: 1. BHPL offered to exchange a similar machine plus $37,500. (The exchange has commercial substance for both parties.) 2. KHMH offered to exchange a similar machine. (The exchange lacks commercial substance for both parties.) 3. St. Luke offered to exchange a similar machine but wanted $2,500 in addition to BMA's machine. (The exchange has commercial substance for both parties.) Instructions For each of the three independent situations, prepare the journal entries to record the exchange on the books of each hospital