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Blue Corporation wishes to exchange a machine used in its operations. Blue has received the...

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Accounting

Blue Corporation wishes to exchange a machine used in its operations. Blue has received the following offers from other companies in the industry,
Kingbird Company offered to exchange a similar machine plus $33,120.(The exchange has commercial substance for both parties.)
Oriole Company offered to exchange a similar machine. (The exchange lacks commercial substance for both parties.)
Waterway Company offered to exchange a similar machine, but wanted $4,320 in addition to Blue's machine. (The exchange has commercial substance for both parties.)
In addition, Blue contacted Wildhorse Corporation, a dealer in machines. To obtain a new machine, Blue must pay $133,920 in addition to trading in its old machine.
\table[[,Blue,Kingbird,Oriole,Waterway,Wildhorse],[Machine cost,$230,400,$172,800,$218,880,$230,400,$187,200
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