Question 25 (9 points) Stacey Limited exchanged equipment that it uses in its manufacturing operations for similar equipment that is used in the operations of Chokar Limited. Stacey also paid Chokar $3,000 in cash. The following information pertains to the exchange: Stacey Chokar Equipment (cost) $50,000 $55,000 Accumulated depreciation 31,250 22,000 Fair value of equipment 25,000 28,000 Assume that all fair values are reliably measured, and all fair values are measured equally reliably. (Note: Use the above information for both part a. and part b. of this question. Assume part a. and part b. are independent cases). a. Provide the journal entry to record this transaction for Stacey, assuming the transaction has commercial substance. b. Provide the journal entry to record this transaction for Stacey, assuming the transaction has NO commercial substance