Coronado Company exchanged equipment used in its manufacturing operations plus $3,660 in cash for similar equipment used in the operations of Whispering Company. The following information pertains to the exchange. Coronado Co. Whispering Co. Equipment (cost) $34,160 $34,160 Accumulated depreciation 23,180 12,200 Fair value of equipment 15,250 18,910 Cash given up 3,660. Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange has commercial substance.