Splish Corporation exchanged equipment used in its manufacturing operations for equipment used in the operations of Blossom Ltd. The following information pertains to the exchange: Splish Corp. $84.100 Blossom Ltd. $84,100 40,200 42.900 Equipment (cost) Accumulated depreciation Fair value of old equipment Cash given up 46,600 42,100 800 Both companies agreed that the exchange did not have commercial substance. Prepare the necessary journal entries to record the asset exchange on the books of both companies. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Splish Corporation: Account Titles and Explanation Debit Credit Blossom Ltd.: Account Titles and Explanation Debit Credit