Question 3 Stellar Corporation exchanged equipment used in its manufacturing operations for equipment used in the operations of Pearl Ltd. The following information pertains to the exchange: Equipment (cost) Accumulated depreciation Fair value of old equipment Cash given up Stellar Corp. $84,000 46,900 41,900 900 Pearl Ltd. $84,000 41,100 42,800 Both companies agreed that the exchange did not have commercial substance. Prepare the necessary journal entries to record the asset exchange on the books of both companies. (Credit account titles are automatically indented when the amount is entered. indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Stellar Corporation: Account Titles and Explanation Debit Credit v Pearl Ltd.: Account Titles and Explanation Debit Credit V V