1. The following transactions occurred in fiscal 2021: Synthesize Inc. exchanged machinery with Energize Corp. Cost Anulated depreciation Fair value Synthesize's machinery 500,000 200,000 350,000 Energize's machinery 620,000 500,000 not known Synthesize received a government grant of $10,000 to help purchase the equipment. Required: a. Assuming the machinery exchange has commercial substance, prepare the required journal entries for the exchange for Synthesize. b. Apsuming the machinery exchange does NOT have commercial substance, prepare the required journal entries for the exchange for Synthesize. c. Prepare the required journal entries to record the government grant