On June 5, Dabney Corp. purchased land by transferring $100,000 cash and a machine to another company. The machine given up had an original cost of $600,000, a book value of $100,000, and a fair market value of $300,000. Required: Prepare the journal entry Dabney should make to record the exchange of the machine and cash for the land, assuming the exchange has commercial substance. Date June 5 Debit Credit Part B: If the above exchange were deemed to have non-commercial substance, by what amount should the "Land" account be debited?