China Inn and Midwest Chicken exchanged assets. China Inn received delivery equipment and gave restaurant equipment. Ihe fair alue and book value of the restaurant equipment were $18,000 and $10,400 (original cost of $37,000 less accumulated depreciation f $26,600 ), respectively. To equalize market values of the exchanged assets, China Inn paid \$8,200 in cash to Midwest Chicken. Record the gain or loss for China Inn on the exchange of the equipment. (If no entry is required for a particular transaction/event, elect "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the gain or loss for China Inn on the exchange of the equipment. Note: Enter debits before credits