On September 12, Coronado Company agreed to an exchange of assets with another company. Coronado gave up a machine with an original cost of $50,600. $30,800 in accumulated depreciation had been recorded on this machine over the course of Coronado's ownership. Coronado determined that the machine being given up had a fair value of $18,200. Coronado also paid $8,100 in cash. Assume that Coronado follows IFRS and that the transaction has commercial substance.

Prepare the journal entry to record the asset exchange on Coronado's books.