4 On September 3, 2021, the Robers Company exchanged equipment with Phifer Corporation. The facts of the exchange are as follows: 1 points Original cost Accumulated depreciation Fair value Robers' Asset $220,000 135,000 105,000 Phifer's Asset $240,000 143,000 80,000 To equalize the exchange, Phifer paid Robers $25,000 in cash. eBook Required: Record the exchange for both Robers and Phifer. The exchange has commercial substance for both companies. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Print View transaction list View journal entry worksheet References No Event General Journal Debit Credit 1 1 No Transaction Recorded