On August 1, two independent companies, Denver and Broncos, each own a machine and they agree to an exchange. The following information is available: Denver Cost $90,000 Broncos cost $45,000 Accumulated Depreciation Denver 55,000 Accumulated Depreciation Broncos 25,000 Fair Value Denver 28,000 Fair Value Broncos 30,000. Denver agrees to pay Broncos $2,000 to complete the exchange. Prepare the necessary journal entry by Denver Company to record this transaction, assuming the exchange has A) Commercial Substance B) No Commercial Substance 3) Prepare the necessary journal entry by Broncos to record this transaction, assuming the exchange has A) Commercial Substance. B) No Commercial Substance