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Carla Company exchanged equipment used in its manufacturing operations plus $4,500 in cash for similar equipment used in the operations of Sarasota Company. The following information pertains to the exchange Equipment (cost) Accumulated depreciation Fair value of equipment Cash given up Carla Co. $42,000 28,500 18,750 4,500 Sarasota Co. $42,000 15,000 23,250 ? (a) Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange lacks commercial substance. (Credit account titles ure automatically "dented when ?mount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work