Cordero Company exchanges old delivery equipment for new delivery equipment. The book value of the old delivery equipment is $33, 200 (cost $62, 800 less accumulated depreciation $29, 600). Its fair value is $18, 700, and cash of $7, 950 is paid. Prepare the entry to record the exchange, assuming the transaction has commercial substance. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)