Grouper Corporation exchanged equipment used in its manufacturing operations for equipment used in the operations or Monty me Equipment (cost) Accumulated depreciation Fair value of old equipment Cash given up Grouper Corp. $84,800 47.100 41,800 1.800 Monty Ltd. $84,800 40.800 43,600 Both companies agreed that the exchange did not have commercial substance Prepare the necessary journal entries to record the asset exchange on the books of both companies. (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 for the amounts.)