Question 2 Dolan Company exchanges equipment with Eaton Company and Pawnee Company exchanges equipment with Fiero Company. The following information pertains to the exchanges: Dolan Company Pawnee Company Equipment (cost) $228,000 $192,000 Accumulated depreciation 100,000 90,000 Fair value of the equipment 150,000 84,000 Cash paid 90,000 Instructions Prepare the journal entries to record the exchanges on the books of Dolan Company and Pawnee Company. The transaction has commercial substance. -0