Manuel Company exchanged 1,000 shares of Guinn Company common stock, which Pillar was holding as an investment, for equipment from Nathan Company. The Guinn Company common stock, which had been purchased by Manuel for $58 per share, had a quoted market value of $52.50 per share at the date of exchange. The equipment had a recorded amount on Nathan's books of $55,000. What journal entry should Manuel make to record this exchange?

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