Pina Company exchanged equipment used in its manufacturing operations plus $3,840 in cash for similar equipment used in the operations of Grouper Company. The following information pertains to the exchange. Pina Co Grouper Co. Equipment (cost) $35,840 $35,840 Accumulated depreciation 24,320 12,800 Fair value of equipment 16,000 19,840 Cash given up 3,840 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) Account Titles and Explanation Pina Company: Debit Credit Grouper Company Equipment Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange has 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.) Account Titles and Explanation Pina Company Debit Credit Grouper Company.