Sage Company exchanged equipment used in its manufacturing operations plus $3,360 in cash for similar equipment used in the operations of Pronghorn Company. The following information pertains to the exchange. Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange lacks commercial substance. (Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, seled "No Entry" for the account titles and enter O for the amounts. Pronghorn Company: Equipment 14,000 Accumulated Depreciation-Equipment Cash Loss on Disposal of Equipment \begin{tabular}{|r|} \hline 11200 \\ \hline \end{tabular} 2.800 Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange has commercial substance. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts) Pronghorn Company