Exercise 10-19 Martines Company exchanged equipment used in its manufacturing operations plus $3,480 in cash for similar equipment used in the operations of Sandhil Company. The following information pertains to the exchange Equipment() Accumulated depreciation Fair of equipment Cash give up Martinez Co, $32,480 22,040 Sandhill Co. $32,480 11,600 14,500 3,480 Prepare the journal entries to record the exchange on the books of both comparses. Assume that the exchange lacks 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 0 far the amounts.) Account Tiles and Explanation Martinez Company Sandhi Company Deb Credit Prepare the journal entries to record the exchange on the books of both companies Assume that the exchange has commercial substance. (Credit accounts are automatically indented when amount is entered. Do not indent manually. If neuntry is required, select "No Entry" for the account titles and enter 0 for the amounts) Account TR and Explanation Martinez Company Cre