Question 3 20 pts Raider Red Inc. gave a piece of equipment to Masked Rider Inc. in exchange for a new machine and $5,000. The exchange lacks commercial substance. Equipment: Historical Cost = $70,000 Accumulated Depreciation = $40,000 Fair Market Value = $35,000 Machine: Historical Cost = $50,000 Accumulated Depreciation = $35,000 Fair Market Value = $40,000 Instructions: (1.) Prepare Raider Red Inc.s journal entry to record exchange transaction. (2.) Prepare Masked Rider's journal entry to record exchange transaction