Brown Corporation purchased equipment for $15,000. Brown recorded total depreciation of $6,000 on the equipment. On January 1, 2018, equipment is $28,100. Joumalie Brown Corporation's exchange of equipment. Assume the exchange had commercial substance Lot's begin by calculating the pain or loss on the exchange of equipment. (Enter a lone with a minun sign or parenthonon.) Market value of assets received Loss: Book value of asset oxchanged Cash paid Gain or (Loss) Joumalizo Brown Corporation's exchange of equipment. (Record a single compound joumal entry, Record debits first, then credits. Se Accounts and Explanation Dato Dobit Credit Jan. 1 on of $6,000 on the equipment. On January 1, 2018, Brown traded in the equipment for new equipment, paying 519,200 cms. This for market value of the new the exchange had commercial substance with a minus sign or parenthonos.) entry Record debits first, then credits. Select the explanation on the loot line of the journal entry table.) Dobit Credit