The Shubert Theatre and the Broadway Theatre entered into a transaction on December 16, 20x5 to exchange some of their lighting equipment. On December 16, 20x5, the information for each theatre is as follows: Shubert Broadway Original cost 800,000 640,000 Accumulated depreciation. 560,000 260,000 Fair market value 400,000 350,000 Cash pad by Broadway to Shubert 50,000 Prepare the journal entry on the books for Shubert Theatre on December 16, 20x5, assuming that the transaction is considered an exchange that lacks commercial substance. HTML Editor