Pina Company exchanged equipment used in its manufacturing operations plus $3,960 in cash for similar equipment used in the operations of Grouper Company. The following information pertains to the exchange. Pina Co. Equipment (cost) Accumulated depreciation Fair value of equipment Cash given up $36,960 25,080 16,500 3,960 Grouper Co. $36,960 13,200 20,460 (a) Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange lacks commercial substance. (Credit account titles are automatically indented when 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.) Debit Credit Account Titles and Explanation Pina Company Grouper Company