Current Attempt in Progress Sage Company exchanged equipment used in its manufacturing operations plus $3.960 in cash for similar equipment used in the operations of Pronghom Compary. The following information pertains to the exchange. Prepare the journal entries to record the exchange on the books of both companles. Assume that the exchange lacles commercial substance. (Credit occount titles are outomatically indented when amount is entered. Do not indent manuallk if no entry is reauired, select "No Entry" for the occount titles and enter 0 for the amounts.) Pronghorn Company: Cash Equipment 15967.75 Accumulated Depreciation-Equipment. 13200 Equipment 36960 Gain on Disposal of Equipment 532.25 eTextbook and Media Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange has commercial substance. (Credit account titles are automatically indented when 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.) Pronghorn Company