Question 1 (6 marks) Gamma Ltd. agrees to exchange equipment, which is similar, with Beta Ltd. Gamma's equipment cost $21,000, had accumulated depreciation of $12,000, and a market value of $13,500. Required: Prepare Gamma's journal entries for each of the following independent situations a) Assume the transaction does not have commercial substance. b) Assume the transaction has commercial substance and Gamma paid $3,000 cash