Question 6 of 10 -/12 Sunland Company exchanged machinery with an appraised value of $3,494,000, a recorded cost of $5,302,000 and accumulated depreciation of $2,651,000 with Patricia Corporation for machinery Patricia owns. The machinery has an appraised value of $3,319.000, a recorded cost of $6,340,000, and accumulated depreciation of $3,487,000. Patricia also gave Sunland $175,000 in the exchange. Assume depreciation has already been updated. (a) Prepare the entries on both companies' books assuming that the exchange had commercial substance. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Sunland Account Titles and Explanation Debit Credit Patricia Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Question Part Score (b) The parts of this question must be completed in order. This part will be available when you complete the part above