Agler Company exchanges equipment with Eaton Company and Peters Company exchanges equipment with Fiero Company. The following information pertains to the exchanges: Agler Company Peters Company Equipment (cost) $114,000 $96,000 Accumulated depreciation 50,000 45,000 Fair market value of the equipment 75,000 42,000 Cash paid 45,000 -0- Instructions Prepare the journal entries to record the exchanges on the books of Agler Company and Peters Company