Hodge Co. exchanged Building 24 which has an appraised value of $4,800,000, a cost of $7,642,000, and accumulated depreciation of $3,526,000 for Building M belonging to Swifty Co. Building M has an appraised value of $4,540,000, a cost of $9,050,000, and accumulated depreciation of $4,718,000. The correct amount of cash was also paid. Assume depreciation has already been updated. Prepare the entries on both companies' books assuming the exchange had no commercial substance. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 12,215.)