Big Company exchanged machinery with an appraised value of $6,000,000, cost of $7,500,000 and accumulated depreciation of $3,700,000 with Small Corporation for machinery Smalf owns. Small's machinery has an appraised value of $5,500,000, cost of $10,300,000, and accumulated depreciation of $6,100,000. Small also gave Big $500,000 in the exchange. Assume depreciation has already been updated. Required 1. Prepare the entries on both companies' books assuming that the exchange had commercial substance. (Round all computations to the nearest dollar.) 2. Prepare the entries on both companies' books assuming that the exchange lacked commercial substance. (Round all computations to the nearest dollar.)