Bonita Corporation, which manufactures shoes, hired a recent college graduate to work in its accounting department. On the first day of work, the accountant was assigned to total a batch of invoices with the use of an adding machine Before long, the accountant, who had never before seen such a machine, managed to break the machine. Bonita Corporation gave the machine plus $449 to Windsor Business Machine Company (dealer) in exchange for a new machine. Assume the following information about the machines Bonita Corp (Old Machine) Windsor Co (New Machine) Machine cost Accumulated depreciation Fair value $383 185 112 $356 -0 561 For each company, prepare the necessary journal entry to record the exchange. (The exchange has commercial substance.) (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.) Debit Account Titles and Explanation Bonita Corporation Credit Machinery Accumulated Depreciation-Machinery Loss on Disposal of Machinery Machinery Cash Windsor Business Machine Company Cash Inventory Cost of Goods Sold Sales Revenue Inventory Click if you would like to Show Work for this question