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. Delaware Santana Co. Co. Equipment (cost) $28,000 $18,000 Accumulated depreciation 9,000 10,000 Fair value of equipment 14,000 16,000 Cash given up 2,000 Instructions: Prepare the journal entries to record the exchange on the book of Santana Co, and Delaware Co. Assume that the exchange lacks commercial substance