Santana Company exchanged equipment used in its manufacturing operations plus $2,340 in cash for similar equipment used in the operations of Delaware Company. The following information pertains to the exchange. Santana Co. Delaware Co. Equipment (cost) $32,760 $32,760 Accumulated depreciation 22,230 11,700 Fair value of equipment 15,795 18,135 Cash given up 2,340 (a) Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange lacks commercial substance. (List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2.) Description/Account Debit Credit Santana Company Delaware Company (b) Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange has commercial substance. (List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2.) Description/Account Debit Credit Santana Company Delaware Company