Sandhill Company exchanged equipment used in its manufacturing operations plus $ 3.660 in cash for similar equipment used in the operations of Teal Company. The following information pertains to the exchange. Sandhill Co. $ 34,160 23,180 Teal Co. $ 34,160 12,200 Equipment (cost) Accumulated depreciation Fair value of equipment Cash given up 15,250 18,910 3,660 (a) Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange lacks 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 account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Sandhill Company Teal Company