Skysong Company purchased an electric press on June 30,2025 , by trading in its old gas model and paying the balance in cash. The following data relate to the purchase: Prepare the journal entries necessary to record this exchange, assuming that the exchange (a) has commercial substance, and (b) lacks commercial substance. Shysong's fiscal year ends on December 31 , and depreciation has been recorded through December 31,2024. (Credit occount titles are automaticallyindented when amount is entered. Do not indent manually, If no entry is required, select "No Entry" for the dccount tities and enter 0 for the amounts. List all debit entries before credit entries. No. Account Titles and Explanation Debit Credit (a) Exchangehas commercial substance: Depreciation Expense 1705 Accumulated Depreciation Equipment (Torecord current depreciation.) Equipment Accumulated Depreciation-Equipment Equipment Gain on Disposal of Equipment (To record exchange of the equipment.) (b) Exchangelacks commercial substance: Depreciation Expense Accumulated Depreciation-Equipment (Torecord current depreciation.) Equipment Accumulated Depreciation Equiprnent Equipment (To record exchange of the equipment.)