$2-$ Southern Company owns a building that it leases to others. The building's fair value is $$2,000,000$ and its book value is $$1,280,000($original cost of $$2,600,000$ less accumulated depreciation of $$1,320,000).$ Southern exchanges this for a building owned by the Eastern company. The building's book value on Eastern's books is $$1,430,000($original cost of $$2,200,000$ less accumulated depreciation of $$770,000.$ Eastern also gives Southern $$200,000$ to complete the exchange. The exchange has commercial substance for both companies. Prepare the journal entries to record the exchange on the books of the both Southern and Easters. $(30$pts$)$