A$)$ Equipment costing $$8100$ with accumulated depreciation of $$7000$ is exchanged for similar equipment with a fair market value of $$30,000.$ The old equipment and $$28,500$ are exchanged for the new equipment. Make journal entry.

B$)$ Refer to $"A".$ Assume the cash required is $$29,000,$ instead of $$28,500.$ Make journal entry.