Bob's Inc. exchanged Building 24 which has a value of $6,400,000, a cost of $10,120,000, and accumulated depreciation of $4,800,000 for Building B belonging to Bro Company Building B has an appraised value of $6,016,000, a cost of $12,040,000, and accumulated depreciation of $6,336,000. Bro paid Bob's $384,000 to complete the exchange.

Prepare the entries on both companies' books assuming the exchange had no commercial substance. Also prepare the journal entries on both companies books assuming the exchange had commercial substance.