Please label all journal entry accounts as either asset, liability, or equity.

Santino Co exchanged equipment used in its manufacturing operations plus $2,000 in cash for similar equipment used in the operations of Delago Co. The following information pertains to the exchange. + Santino Co. Delage Co. Equipment (cost) $30,000 $19,000 Accumulated depreciation 19,000 10,000 Fair value of equipment 13,000 15,000 Cash given up 2,000 a) Prepare the journal entries to record the exchange on the book of Delago Co. Assume that the exchange lacks commercial substance. b) Prepare the journal entries to record the exchange on the book of Delago Co. Assume that the exchange has commercial substance