On September 3, 2018, the Robers Company exchanged equipment with Phifer Corporation. The facts of the exchange are as follows: Robers Asset Phifers Asset Original cost $ 180,000 $ 200,000 Accumulated depreciation 103,000 111,000 Fair value 93,000 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