Marigold Corporation exchanged equipment used in its manufacturing operations for equipment used in the operations of Swifty Ltd. The following information pertains to the exchange: Equipment (cost) Accumulated depreciation Fair value of old equipment Cash given up Marigold Corp. $84,500 46.800 42,000 1.000 Swifty Ltd. $84.500 40,300 43,000 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 O for the amounts.) Marigold Corporation: Account Titles and Explanation Debit Credit Swifty Ltd.: Account Titles and Explanation Debit Credit >