Harris Manufacturing exchanged a machine on May 12, 2020 under the following terms Harris Manufacturing gave up Harris Manufacturing received Cash $2,500 New machine Old machine Fair market value 4,000 Fair market value $6,700 Cost 14,850 Accumulated 12,500 depreciation Required: a. Record the transaction for Harris Manufacturing assuming this transaction has commercial substance (4 Marks) b. Record the transaction for Harris Manufacturing assuming this transaction does not have commercial substance (3 Marks) General journal templates are provided for each response