Santana Company exchanged equipment used in its manufacturing operations plus $2,000 in cash for similar equipment used in the operations of Delaware Company. The following information pertains to the exchange. Santana Delaware Cost of equipment given up Accumulated depreciation on equip. given up Fair value of equipment given up Cash given up Fair value of equipment received Instructions: Prepare the journal entries to record the exchange on the books of both companies $28,000 $19,000 $13,500 $2,000 $15,500 $28,000 $10,000 $15,500 $0 $13,500