Please complete part (b) with the given information. Thank you!!

Waterway Company exchanged equipment used in its manufacturing operations plus $4,140 in cash for similar equipment used in the operations of Wildhorse Company. The following information pertains to the exchange. Prepare the journal entrios to record the exchange on the books of both companies. Assume that the exchange lacks commercial substance. FCedit occount tities are dutamatically indented when amouint is entered, Do not indent monually. If no entry is requlred, sefect "No Entry" for the account tities and enter ofor the amounts. List all detit entries before credit entries) Prepare the journal entries to record the exchange on the books of both companies. Assume that the exchange has commercial substance. (Credit account titles are automatically indented when amount is entered. Do not indent manucilly. If no entry is required, select "No Entry" for the account tities and enter O for the amounts. List all debit entries before credit entries.)