Ivanhoe Limited exchanged equipment that it uses in its manufacturing operations for similar equipment that is used in the operations of Bridgeport Limited. Ivanhoe also paid Bridgeport $$3,200$ in cash. The following information pertains to the exchange.

$\backslash$table$[[,$Ivanhoe,Bridgeport$],[$Equipment $($cost$),$$$52,000,$$$55,500$