Sunland Limited exchanged equipment that it uses in its manufacturing operations for similar equipment that is used in the operations of Marigold Limited. Sunland also paid Marigold $3,000 in cash. The following information pertains to the exchange. Sunland $51.500 Marigold $57,000 Equipment (cost) Accumulated depreciation Fair value of equipment 30.000 20,000 26.000 29.000 Prepare the journal entries to record the exchange on the books of both companies, assuming the exchange is determined to have commercial substance (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) Sunland Limited Account Titles and Explanation Debit Credit Marigold Limited Account Titles and Explanation Debit Credit Sunland Limited Account Titles and Explanation Debit Credit Marigold Limited Account Titles and Explanation Debit Credit