Oriole Limited exchanged equipment that it uses in its manufacturing operations for similar equipment that is used in the operations of Sheffield Limited. Oriole also paid Sheffield $3,200 in cash. The following information pertains to the exchange. Oriole Sheffield Equipment (cost) $51,000 $54,500 Accumulated depreciation 30,000 21,000 Fair value of equipment 24,000 27,200 Prepare the journal entries to record the exchange on the books of both companies, assuming the exchange is determined to have commercial substance. (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 Ofor the amounts.) Oriole Limited Account Titles and Explanation Debit Credit Sheffield Limited Account Titles and Explanation Debit Credit Prepare the journal entries to record the exchange on the books of both companies, assuming the exchange is determined not to have commercial substance. (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 O for the amounts.) Oriole Limited Account Titles and Explanation Debit Credit Sheffield Limited Account Titles and Explanation Debit Credit