Dinergy Co. has a pump in its warehouse with a cost of $12,000, including shipping and handling to the warehouse. The pump is new and could be installed in a newly drilled well. The curreit market value of the pump is $10,000. Dinergy Co. transfers the pump from its warehouse to a jointly owned property in which Dinergy Co. is the operator and has a 40% working interest. Transportation costs from the warehouse to the property total $200, on credit. Required: Prepare the journal entries to record the above transactions for Dinergy Co