On September 12, Crane Company agreed to an exchange of assets with another company. Crane gave up a machine with an original cost of $50,200. $30,400 in accumulated depreciation had been recorded on this machine over the course of Crane's ownership. Crane determined that the machine being given up had a fair value of $18,300. Crane also paid $8,500 in cash. Assume that Crane follows IFRS and that the transaction has commercial substance. Prepare the journal entry to record the asset exchange on Crane's books. (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 0 for the amounts. List all debit entries before credit entries.)