On September 3, 2018, the Robers Company exchanged equipment with Phifer Corporation. The facts of the exchange are as follows: Robers' ASset $180,000 103,000 93,000 Phifer's Asset Original cost Accumulated depreciation Fair value $200,000 111,000 76,000 To equalize the exchange, Phifer paid Robers $17,000 in cash. Required: Record the exchange for both Robers and Phifer. The exchange has commercial substance for both companies. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)