Presented below are two independent transactions. Both transactions have commercial substance. 1. Bramble Co. exchanged old trucks (cost 64,000 less 19,000 accumulated depreciation) plus cash of 18,000 for new trucks. The old trucks had a fair value of 40,300. 2 Sunland Ltd. trades its used machine (cost 13.260 less 4,420 accumulated depreciation) for a new machine. In addition to exchanging the old machine (which had a fair value of 12,240). Sunland also paid cash of 2,600. Prepare the entry to record the exchange of assets by Bramble Co. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Report old equipment and new equipment separately.) Account Titles and Explanation Debit Debit Credit e Textbook and Media List of Accounts Prepare the entry to record the exchange of assets by Sunland Ltd. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Report old equipment and new equipment separately) Account Titles and Explanation Debit Credit