(b) Prepare the entries on both companies' books assuming that the exchange lacked commercial substance.

Bramble Company exchanged machinery with an appraised value of $3,581,500, a recorded cost of $5,473,000 and accumulated depreciation of $2,736,500 with Debra Corporation for machinery Debra owns. The machinery has an appraised value of $3,384,000, a recorded cost of $6,420,000, and accumulated depreciation of $3,531,000. Debra also gave Bramble $197,500 in the exchange. Assume depreciation has already been updated. (a) Prepare the entries on both companies' books assuming that the exchange had commercial substance. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Bramble Account Titles and Explanation Debit Credit Debra Account Titles and Explanation Debit Credit