Crane Limited exchanged equipment that it uses in its manufacturing operations for similar equipment that is used in the operations of Pronghorn Limited. Crane also paid Pronghorn $3,000 in cash. The following information pertains to the exchange. Prepare the journal entries to record the exchange on the books of both companies, assuming the exchange is determined to have commercial substance. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Prepare the journal entries to record the exchange on the books of both companies, assuming the exchange is determined not to have commercial substance. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If n entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)