Karen company swapped machinery with an estimated value of KES.2,755,000 and recorded a cost of KES.3,700,000 and accumulated depreciation of KES. 2,350,000 with Gataka Corporation for machinery Gataka owns. The machinery has a fair value of KES. 1,695,000 a recorded cost of KES. 3,240,000 and accumulated depreciation of KES. 1,782,000. Gataka also gave Karen Company KES. 600,000 in the exchange. Assume depreciation has already been updated. Required;

1. Prepare the journal entry for Gataka corporation treating the exchange as having economic value.

2. Assume that the exchange lacked economic value. Prepare the journal entry for Gataka corporation.

3. Assume that the exchange lacked economic value. Prepare the journal entry for Karen Company.

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Tony prince is the project manager for the recreation and wellness intranet project. team members include you, a programmer/analyst and aspiring project manager; patrick, a network specialist; nancy, a business analyst; and bonnie, another programmer/analyst. other people are supporting the project from other departments, including yusaff from human resources and cassandra from finance. assume that these are the only people who can be assigned and charged to work on project activities. recall that your schedule and cost goals are to complete the project in six months for under $200,000.task 2identify at least eight milestones for the recreation and wellness intranet project. write a short paper describing each milestone using the smart criteria. discuss how determining these milestones might add activities or tasks to the gantt chart. remember that milestones normally have no duration, so you must have tasks that will lead to completing the milestone.