INTERMEDIATE ACCOUNTING EXTRA CREDIT Part I: Hodge Co. exchanged Building 24 which has an appraised value of $6,400,000, a cost of $10 120,000, and accumulated depreciation of $4,800,000 for Building M belonging to Fine Co Building M has an appraised value of $6,016,000, a cost of $12,040,000, and accumulated depreciation of $6,336,000. The correct amount of cash was also paid. Assume depreciation has already been updated. Instructions Prepare the entries on both companies books assuming substance. Show a check of the amount recorded for Building M on Hodge's books. (Round to the exchange had no commercial the nearest dollar.) Fine Co